Helix Robotics Solutions Awarded Significant Trenching Services Contract
February 05 2025 - 5:15PM
Business Wire
Helix Robotics Solutions, the robotics division of Helix Energy
Solutions Group, Inc. ("Helix") (NYSE: HLX), has been awarded a
contract by Seaway7 for the burial of inter-array cables associated
with Ørsted’s Hornsea 3 Offshore Wind Farm
(www.hornseaproject3.co.uk), which is located 120km off the UK’s
Norfolk coast. The contract is expected to last over 300 days and
is scheduled to begin in the third quarter 2026.
Under the contract, Helix plans to utilize the Grand Canyon III
trenching support vessel mobilized with the T1500 jet trencher, the
i-Trencher trenching system, a work-class remotely operated vehicle
and associated survey services. The project scope includes the
burial of all 192 inter-array cables, totalling approximately 500
km in length. The project will be managed with engineering and
survey support from Helix’s offices in Aberdeen, UK.
Scotty Sparks, Helix’s Executive Vice President and Chief
Operating Officer, stated, “Helix is a global leader in subsea
robotics and trenching, and we are proud to bring our expertise to
the Hornsea 3 Offshore Wind Farm project. This contract with
Seaway7, one of the largest trenching awards to Helix, highlights
our commitment to supporting offshore wind development and
expanding Helix’s offshore renewables activity.”
About Helix
Helix Energy Solutions Group, Inc., headquartered in Houston,
Texas, is an international offshore energy services company that
provides specialty services to the offshore energy industry, with a
focus on well intervention, robotics and full field decommissioning
operations. Our services are key in supporting a global energy
transition by maximizing production of existing oil and gas
reserves, decommissioning end-of-life oil and gas fields and
supporting renewable energy developments. For more information
about Helix, please visit our website at www.helixesg.com.
Forward-Looking Statements
This press release contains forward-looking statements that
involve risks, uncertainties and assumptions that could cause our
results to differ materially from those expressed or implied by
such forward-looking statements. All statements, other than
statements of historical fact, are “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995, including, without limitation, any statements regarding
the contract, the wind farm, the work and/or initiatives thereunder
and the parties thereto; the current market or demand for our
services; our ability to enter into, renew and/or perform
commercial contracts; our current work continuing; and any impact
on our financial and operating results and estimates; any
statements regarding our strategy; any statements regarding our
business model or the global energy transition; and any statements
of assumptions underlying any of the foregoing. The forward-looking
statements are subject to a number of known and unknown risks,
uncertainties and other factors that could cause results to differ
materially from those in the forward-looking statements, including
but not limited to the terms of the contract and/or any work
thereunder or extension thereof; actions by governments, customers,
suppliers and partners; market conditions; demand for our services;
the performance of contracts by suppliers, customers and partners;
actions by governmental and regulatory authorities; operating
hazards and delays, which includes delays in delivery, chartering
or customer acceptance of assets or terms of their acceptance; our
ultimate ability to realize current backlog; employee management
issues; complexities of global political and economic developments;
geologic risks; volatility of oil and gas prices and other risks
described from time to time in our reports filed with the
Securities and Exchange Commission (the “SEC”), including Helix’s
most recently filed Annual Report on Form 10-K and in Helix’s other
filings with the SEC, which are available free of charge on the
SEC’s website at www.sec.gov. We assume no obligation and do not
intend to update these forward-looking statements, which speak only
as of their respective dates, except as required by the securities
laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20250205121154/en/
Erik Staffeldt Executive Vice President and CFO email:
estaffeldt@helixesg.com Ph: 281-618-0465
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