Houston-based offshore contractor Helix Energy Solutions has won new three-year vessel charter and service contracts with Brazilian major Petrobras.
The Brazilian company awarded deals to the riser-based well intervention vessels Siem Helix 1 and Siem Helix 2.
The new three-year contracts are valued in aggregate at an estimated $786m. Each contract includes an additional three years of options. Helix Energy said that the contracts were won via a competitive tender process.
The Siem Helix 2 has been performing riser-based well intervention activities for Petrobras in the Santos and Campos Basins since 2017 and to date has completed more than 100 well interventions.
The Siem Helix 1 previously worked for Petrobras from April 2017 until July 2021 completing 74 well interventions in the Santos and Campos Basins.
“We have built a long and productive working relationship with Petrobras for the last seven years. During this time, we have consistently delivered safe and cost-effective well intervention services to the Brazilian market,” said Daniel Stuart, Helix’s vice president of commercial.
The two 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 ROV operations, offshore construction, and emergency response.