HOUSTON–(BUSINESS WIRE)–Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that the Siem Helix 1 has commenced operations offshore Brazil and is on contract for Petroleo Brasileiro S.A. The vessel will be performing well intervention services under a multi-year contract with Petrobras. We have agreed with Petrobras to commence operations at reduced day rates for Siem Helix 1 as we work through certain items identified in the vessel acceptance process.
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