Shell has awarded multiple integrated deepwater service agreements to Hornbeck Offshore Services in the Gulf of Mexico.
The announcement was made alongside the release of the company’s third quarter 2026 financial results, which highlighted the first major commercial validation of Hornbeck’s merger with Helix Energy Solutions.
These agreements are locked in for a five-year term, slated to commence in 2027, and serve as a direct proof of the revenue synergies unlocked by combining Hornbeck’s marine platform with Helix’s subsea and well intervention capabilities.
The scope of the five-year campaign spans both subsea well intervention and well intervention stimulation support services, and serves as a major focal point for regional production enhancement strategies ahead of The Wells Conference.
Todd M. Hornbeck, President and CEO of Hornbeck, said, “The recently announced integrated services agreements with Shell demonstrate the revenue synergy opportunities by bringing together Hornbeck’s marine platform with Helix’s subsea and well intervention capabilities.
“Our priorities remain to operate safely, maintain asset reliability, capture revenue and cost synergies from the combination and maintain disciplined capital allocation.
“With a broader geographic footprint, differentiated capabilities and meaningful financial flexibility, we believe Hornbeck is well positioned to generate attractive returns across offshore cycles.”
