Helix Energy (HLX) announced that it has been awarded a multi-year contract with a major operator to provide production enhancement and well abandonment services in the U.S. Gulf of America. The contract, commencing in 2026, includes a minimum commitment of vessel utilization, split over three years. The contract calls for the provision of either the Q5000 or Q4000 riser-based well intervention vessel, a 10k or 15k Intervention Riser System and remotely operated vehicles as well as project management and engineering services. Our services cover operations from fully integrated production enhancement to fully integrated plug and abandonment well services.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HLX:
- Helix Energy price target lowered to $11 from $13 at TD Cowen
- Helix Energy: Buy Rating Amid Promising Contracts and Future Growth Potential Despite Recent Setbacks
- Helix Energy price target lowered to $9 from $10 at Raymond James
- Helix Energy Solutions Reports Challenging Q2 2025 Results
- Helix Energy Solutions Reports Mixed Earnings Amid Challenges
