Jurong Shipyard pens Semisubmersible Well Intervention Vessel

Helix Energy Solutions Group, Inc. (NYSE: HLX) announced Monday that it has signed a contract with Sembcorp Marine's subsidiary Jurong Shipyard in Singapore for the construction of its newbuild semisubmersible well intervention vessel previously announced by Helix in February.

Owen Kratz, Helix's Chairman and CEO, stated, "We are pleased to have selected a proven partner in Jurong Shipyard to leverage on our market and technological leadership in subsea well intervention. This new asset, engineered and designed based on the lessons learned from our successful Q4000 platform, is being constructed to meet an increasing market demand for specialized deepwater well intervention services worldwide. We look forward to the delivery of this new-generation advanced well intervention vessel and plan to expand this business segment even further."

Source: Helix Energy Solutions Group