Intervention specialist Helix Energy Solutions has sold its Helix 534 vessel to a third party for approximately US$2.8 million.
The vessel, a DP2 modified drillship, which Helix bought from Transocean in 2012, and converted in Singapore, had been warm stacked for over a year. The vessel was capable of well intervention in up to 10,000ft water depth and could be used for decommissioning as well as installation and recovery of subsea trees/wellheads, well testing and emergency response.
Helix has also said it is facing delays in the start of its work for Petrobras offshore Brazil as inspection and acceptance testing on the Siem Helix 1 was taking longer than expected.
Siem Helix 1 is under charter by Helix and had arrived in Brazil in Q3 2016. Helix's current expectation is that the vessel will start commercial operations in Q1 2017.
Meanwhile, Helix has written down $45 million in goodwill associated with the acquisition in 2002 of Canyon Offshore, the firm's principal robotics subsidiary.
"Due to the severe and prolonged downturn in the offshore oil and gas industry, we currently expect to record an impairment of goodwill, up to the full $45.1 million, in Q4 2016," the firm said.
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