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    Helix ESG FPU joins Gulf of Mexico spill response

    News // June 15, 2010

    Helix Energy Solutions Group has announced that its Floating Production Unit Helix Producer I (HPI), has been contracted by BP Exploration & Production Company (BP) to assist in BP's Gulf of Mexico oil spill response operations.

    HPI will be part of BP's containment plan to capture and process oil and gas from the Macondo well and to offload such oil and gas to a tanker. The HPI is expected to support BP's efforts for a minimum of 60 days.

    HPI will join two other contracting services vessels owned by Helix, Express and Q4000, in supporting BP on the Deepwater Horizon spill response and containment operations. Q4000 has been providing services to BP since the beginning of May.

    As a result of the HPI's involvement in the BP spill response, production from Helix ESG's Phoenix deepwater oil field will be deferred until the HPI comes off hire with BP. Helix ESG expects the financial contribution from the BP HPI contract will offset the financial impact from deferred production of the Phoenix oilfield.

    The Phoenix oil field, located in the Gulf of Mexico's Green Canyon block 237, is ready to commence production upon HPI's return to the site, with all necessary US Coast Guard and Minerals Management Service permits and approvals in place.


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