Shell Exploration & Production Co. has contracted Helix Energy Solutions for 180 days use of Helix's MSV Q4000 over three years starting Jan. 1, 2008, with an extension option.
Offshore staff
HOUSTON --Shell Exploration & Production Co. has contracted Helix Energy Solutions for 180 days use of Helix's MSV Q4000 over three years starting Jan. 1, 2008, with an extension option.
"TheQ4000 has been active as a deepwater well intervention vessel in the Gulf of Mexico for several years," says Martin Ferron, Helix president and CEO. "It is our intention to continue to serve our customers in this important market segment even after the Q4000 drilling upgrade has been completed later this year.
"We should be able to plan our drilling and completion activities around this and other well intervention work, thereby maintaining a high level of utilization of theQ4000 for the foreseeable future. This, in turn, has positive implications for the utilization of our deepwater construction fleet."
