Helix Energy Solutions Group was awarded new three-year charter and service contracts from Petrobras for intervention vessels Siem Helix 1 and Siem Helix 2 located offshore Brazil.

The contracts are valued in aggregate at an estimated $786 million with an additional three years of options for each, according to an Aug. 27 press release.

“These contracts reaffirm our energy transition business model, empowering clients to optimize production from their existing assets,” said Daniel Stuart, Helix’s vice president of commercial.

Siem Helix 1 and Siem Helix 2 are capable of performing subsea services such as production enhancement, well decommissioning, subsea installation, offshore crane and ROV operations, offshore construction and emergency response, the release said.

 Siem Helix 1 previously served Petrobras from April 2017 to July 2021, completing 74 well interventions in the Santos and Campos basins.

Since 2017, Siem Helix 2 has been performing riser-based well intervention activities for Petrobras in the Santos and Campos basins, and to date has completed more than 100 well interventions, the release said.

 “We have built a long and productive working relationship with Petrobras for the last seven years,” Stuart added. “During this time, we have consistently delivered safe and cost-effective well intervention services to the Brazilian market.”

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