Petróleo Brasileiro SA (Petrobras) let new 3-year vessel charter and service contracts to Helix Energy Solutions Group Inc. for work offshore Brazil.
The contract is for the riser-based well intervention vessels Siem Helix 1 and Siem Helix 2. The contracts are valued in aggregate at an estimated $786 million. Each contract includes an additional 3 years of options.
The 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 remotely operated vehicle operations, offshore construction, and emergency response.
Siem Helix 2 has been performing riser-based well intervention activities for Petrobras in Santos and Campos basins since 2017, and to date has completed more than 100 well interventions.
Siem Helix 1 previously worked for Petrobras from April 2017 – July 2021, completing 74 well interventions in Santos and Campos basins.
