Helix Energy Solutions Group, Inc.’s (NYSE:HLX) well intervention vessel — Siem Helix 2 — has completed the vessel acceptance process and will begin operations offshore Brazil.
The vessel Helix 2 has been contracted by Petrobras (NYSE:PBR) under a multi-year deal to perform well intervention services. Information gathered from Siem Helix 1 was integrated by Helix Energy’s team during the acceptance and testing procedure of Siem Helix 2, the sixth well intervention vessel in the company’s fleet.
About Siem Helix 2
Siem Helix 2 will function in all phases of riser based, through-tubing well intervention operations along with crisis response potential and well construction. Other field specific operations comprise subsea pumping and boosting, maintenance and retrieval capabilities.
With a length of 158 meters, Siem Helix 2 is equipped with wide beam vessels merging outstanding operational capabilities with improved station keeping. The vessel is characterized by the Integrated Tension Frame, offline maintenance tower and deck skidding system which maximizes well operations on board, lowers the need for lifts across the deck and eliminates man riding from well-center activities.
The vessel is capable of operating in water depths of about 3,000 m of water with travel speed of more than 12 km. It is designed to provide service swiftly and proficiently wherever required.
About Helix Energy
Helix Energy is an international offshore energy company and offers expertise services to the offshore energy industry. The company is focused on increasing well intervention and robotics operations. The addition of Siem Helix 2 to its portfolio emphasizes Helix Energy’s commitment.
Price Performance
Shares of Helix Energy have gained 29.7% against the industry’s decline of 8.5% in the last three months.
Zacks Rank & Key Picks
Helix Energy carries a Zacks Rank #3 (Hold). A few better-ranked stocks in the energy sector include SunCoke Energy Inc (NYSE:SXC) and Northern Oil and Gas Inc (NYSE:NOG) . Both of these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
SunCoke Energy produces metallurgical coke in the United States. The company delivered an average positive earnings surprise of 113.52% in the last four quarters.
Northern Oil and Gas, based in Minnetonka, MN, is an independent energy company. The company delivered an average positive earnings surprise of 175.00% in the last four quarters.
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Petroleo Brasileiro S.A.- Petrobras (PBR): Free Stock Analysis Report
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Helix Energy Solutions Group, Inc. (HLX): Free Stock Analysis Report
Northern Oil and Gas, Inc. (NOG): Free Stock Analysis Report
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