Helix Energy Solutions completed its contract renegotiations with Petróleo Brasileiro (Petrobras) and has entered into amendments to its well intervention services contracts for its two chartered vessels, the Siem Helix 1 and the Siem Helix 2, offshore Brazil.
The contract for the Siem Helix 1, originally scheduled to begin no later than 22 July 2016, was amended to commence between 22 July 2016 and 21 October 2016, and the dayrate under the contract has been reduced to a level acceptable to both parties.
The contract for the Siem Helix 2, originally scheduled to begin no later than 21 January 2017, was amended to commence between 1 October 1 and 31 December 2017; the dayrate under this contract was not changed.
“We are glad to finalize this process in a manner that makes sense for both companies, and look forward to a long and productive working relationship,” Owen Kratz, Helix president and CEO said.
Helix Energy Solutions
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