Hornbeck Offshore Services has expanded its operations by securing a multi-year decommissioning contract in the North Sea. This contract, awarded to Hornbeck's subsidiary, Helix Well Ops in the UK, is set to commence in the second half of 2027.
Contract Details
The duration of this contract is set for two years, with options for the customer to extend. Hornbeck will carry out riserless plug and abandonment operations, which will involve the use of riserless intervention vessels Well Enhancer or Seawell. The company will also provide a fully integrated solution including the vessel, subsea intervention lubricator, remotely operated vehicles (ROVs), saturation diving, and project management and engineering services.
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CEO Statement
Todd M. Hornbeck, President and CEO of Hornbeck, stated: “This new multi-year contract is built directly on Hornbeck's previous successes and strengthens our expertise in providing safe and efficient riserless decommissioning solutions in the North Sea. Leveraging our existing assets and extensive operational expertise, we are proud to support our customer in executing a fully integrated decommissioning solution under a contract.”
According to previous reports, Helix Energy Solutions, based in Texas, has recently merged with Hornbeck Offshore Services to form a company recognized as an integrated marine services provider. Hornbeck shareholders hold approximately 55 percent and Helix shareholders hold about 45 percent of this combined company, which is now named Hornbeck Offshore Services.
Hornbeck is headquartered in Houston, Texas, and Covington, Louisiana, with Todd M. Hornbeck serving as President, CEO, and Managing Director, and William L. Transier as Chairman of the Board.
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