Fossil Energy – Decommissioning
Helix Energy Solutions Group has extended its decommissioning contract with Trident Energy do Brasil.
The contract extension is for an additional 12 months and in direct continuation of the current contract. The extension is expected to begin in fourth-quarter 2024 at rates in line with the improved well intervention market.
The original contract began in late 2022 offshore Brazil in the Campos Basin and utilizes the Siem Helix 1 riser-based well intervention vessel and a 10K intervention riser system.
Helix is providing fully integrated plug and abandonment well services through its Subsea Services Alliance partner SLB as well as project management and engineering services.
Helix and Siem Offshore have signed six-year charter extensions for both the Siem Helix vessels, with the Siem Helix 1 term extending through December 2030 and the Siem Helix 2 term extending through December 2031.
The Siem Helix vessels are purpose-built advanced well intervention vessels capable of performing a wide range of subsea services including production enhancement, well decommissioning, subsea installation, offshore crane and ROV operations, offshore construction and emergency response.
The Helix Producer I (HPI) contract has also been extended by one year to June 1, 2025. Since 2016, the HPI, a ship-shaped dynamically positioned (DP2) floating production unit, has been located at Green Canyon Block 237 producing oil and gas through the existing Phoenix Field subsea infrastructure. The vessel is designed to produce hydrocarbons and export to shore via pipeline or tanker.