Helix Energy Solutions Secures Multi-Year Contract With Operator For Riserless P&A Operations On Up To 34 Subsea Wells In UK North Sea

Helix Energy Solutions Group, Inc. ("Helix") (NYSE:HLX) has secured a multi-year contract with a major operator for riserless plug and abandonment (P&A) operations on up to 34 subsea wells in the UK North Sea. The awarded scope of work is scheduled to commence in 2026 and includes the flushing and disconnection of pipelines and well P&A.

Helix expects to utilize Helix-owned assets including either the Well Enhancer or the Seawell, purpose-built light well intervention vessels with saturation diving capabilities, a subsea intervention lubricator, and remotely operated vehicles. Helix will also be providing project management and engineering services in support of delivering a fully integrated solution to the operator.