Helix Receives LOI for Reliance Project in India

Wednesday, November 01, 2006
Helix Energy Solutions Group, Inc. has executed a letter of intent with Allseas Marine Contractors S.A. for the installation of the subsea infrastructure in connection with Allseas' engineering, procurement, installation and construction of Reliance Industries Ltd.'s Dhirubhai gas field development project in the Krishna Godavari Basin in the Bay of Bengal. Helix plans to use its deepwater construction vessel Express and its dive support vessel Eclipse on this project. The work consists of the installation suction piles, manifolds, rigid jumpers and spool pieces, flying leads and trees. The work is scheduled to commence in the fourth] quarter of 2007. The estimated contract value is in the $140-150 MM range and the vessel utilization exceeds 400 days.

The MSV Express was acquired by Helix in the third quarter of 2005 and is currently working in the North Sea before leaving for work in Trinidad later this quarter. The vessel was recently upgraded with the addition of a second reel making the total reel capacity 3000 T and a new 150 T deepwater crane was installed to compliment the existing 400 T crane. The DSV Eclipse is owned by Helix's wholly owned subsidiary, Cal Dive, and is currently working in the Mediterranean. It will perform a project in South African waters early next year before returning to its base in the Middle East.

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

MAN Extends High Speed Power Range

MAN announced it will present a newly developed 12-cylinder V-engine for use in working vessels at the SMM 2014 trade fair in Hamburg, Germany. The German engine

N-KOM to Build Floating Jetty for QPMC

Nakilat-Keppel Offshore & Marine (N-KOM), a joint venture shipyard established by Nakilat and Singapore’s Keppel Offshore & Marine (Keppel O&M), has secured a contract

Scorpio Bulkers Gets $540m Loan for Newbuilds

Scorpio Bulkers Inc. announced that it has received a commitment for a $540 million loan facility and provides an update on the financing of its fleet. On July 21,

Cruise Ship Trends

Crystal Cruises to Sail Elusive Northwest Passage

The “World’s Best” Crystal Cruises is introducing a new expedition-style  voyage traversing the Arctic Ocean via the legendary Northwest Passage – one so mysterious

Port of Boston: A Vital Economic Engine

Port of Boston is Vital Economic Engine and Job Generator for Region. The Port of Boston generated $4.6 billion in 2012 and more than 50,000 jobs are supported by the port,

Discussion: Cruise Ship Waste Management

Ship to Shore flexible Recycling DEERBERG-SYSTEMS sets the course for the future of waste management onboard cruise ships With a round table discussion in Hamburg,

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Pod Propulsion Port Authority Salvage Ship Simulators Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1276 sec (8 req/sec)