Helix Energy Solutions Group, Inc is pleased to announce the securing of new three-year vessel charter and service contracts with Petróleo Brasileiro S.A. (Petrobras) for the Siem Helix 1 and Siem Helix 2 riser-based well intervention vessels, operating offshore Brazil. The combined value of these contracts is estimated at $786 million, based on Petrobras’ valuation. Each contract also includes options for an additional three-year extension. These contracts were awarded following a competitive tender process.
The Siem Helix 2 has been engaged in riser-based well intervention activities for Petrobras in the Santos and Campos Basins since 2017, successfully completing over 100 well interventions to date. The Siem Helix 1 previously served Petrobras from April 2017 to July 2021, executing 74 well interventions in the same basins.
“We have cultivated a strong and productive partnership with Petrobras over the past seven years,” said Daniel Stuart, Helix’s Vice President—Commercial. “Throughout this time, we have consistently delivered safe and cost-effective well intervention services to the Brazilian market. These new contracts reinforce Helix’s commitment to innovation and tailored solutions, leveraging our extensive global well intervention expertise. They also affirm our Energy Transition business model, empowering clients to optimize production from their existing assets.”
The Siem Helix 1 and Siem Helix 2 are state-of-the-art well intervention vessels designed to perform a wide range of subsea services, including production enhancement, well decommissioning, subsea installation, offshore crane and Remotely Operated Vehicle (ROV) operations, offshore construction, and emergency response.
About Helix
Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is a global offshore energy services company specializing in well intervention, robotics, and decommissioning operations. Helix plays a crucial role in supporting the global energy transition by maximizing production from existing oil and gas reserves, decommissioning end-of-life oil and gas fields, and contributing to renewable energy developments. For more information about Helix, please visit our website at www.HelixESG.com.
