The initial four-year contract for Siem Helix 2 was extended by one year. Ship should remain under contract with Petrobras until mid-December 2022

US-based Helix Energy Solutions Group has secured a one-year extension to its well intervention charter and services contracts with Brazilian oil giant Petrobras, for the well intervention vessel Siem Helix 2.

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“The initial four-year contract for the Siem Helix 2 has been extended by one year at a reduced rate that reflects the current market. Siem Helix 2 is now expected to remain under contract with Petrobras until mid-December 2022, carrying out riser-based well intervention activities,” said Helix Energy Solutions. The company did not provide details on the value of the contract.

The Siem Helix 2 is a 2016-built well intervention vessel capable of performing a wide range of subsea services including production enhancement, well decommissioning, subsea installation work, crane and ROV operations. offshore, construction work offshore and emergency response capabilities.

Scotty Sparks, Executive Vice President and Chief Operating Officer of Helix, said: “On the back of our recent accommodation and support contract for sister ship Siem Helix 1 in Ghana for another customer, we are pleased to finalize this process and we look forward to continuing a long and productive working relationship with Petrobras.

“The Siem Helix 2 has consistently provided industry-leading well intervention services to Petrobras. This extension demonstrates Helix's ability to continually provide innovative solutions to meet our customers' needs, backed by our experience and proven track record."