(OE) U.S.-based oil and gas services firm Helix Energy Solutions has secured the extension of its decommissioning contract with Trident Energy for work offshore Brazil.
The contract extension is for an additional 12 months and in direct continuation of the current contract.
The extension is expected to begin in the fourth quarter of 2024 at rates in line with the improved well intervention market.
The original contract with Trident Energy do Brasil started late 2022 offshore Brazil in the Campos Basin and utilizes the Siem Helix 1 riser-based well intervention vessel and a 10K Intervention Riser System.
Helix is providing fully integrated plug and abandonment well services through its Subsea Services Alliance partner SLB as well as project management and engineering services.
To remind, Siem Offshore has secured long-term contracts with Helix Energy Solutions for two of its Siem Helix well intervention vessels. The contracts for Siem Helix 1 and Siem Helix 2 vessels is valued at a total of $682 million.
Brazil Energy Insight 
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