Topic: Intervention

New agreement for Siem Helix 1 and Siem Helix 2

Region: All
Content Types: Report
Date: Mar, 2022

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Siem Offshore and Helix Energy Solutions Group Inc, have entered into an agreement for the well intervention Vessels Siem Helix 1 and Siem Helix 2 which replace the existing contracts.

The new firm period will be three years for Siem Helix 1 and 5 years for Siem Helix 2 with subsequent options for both vessels. Commencement will be in direct continuation of present contracts within the first quarter of 2022.

The two vessels are said to be purpose designed, advanced well intervention vessels capable of completing a wide range of subsea projects such as well intervention, decommissioning, top hole drilling, subsea installation work, offshore crane and ROV operations, offshore construction work and emergency response capabilities. Both vessels have a length of 158 metres, a beam of 31 metres and an accommodation capacity for 150 people. They can operate in up to 3,000 metres of water with transit speed in excess of 15 kn.

This extension has reconfirmed Siem Offshore’s important role within the well intervention segment, and the company stated that it is very pleased to see a key client such as Helix Energy Solutions extend their professional relationship.

Total contract backlog for SIOFF is now valued at US$440mn.