Helix Energy Solutions announced that its wholly-owned subsidiary Canyon Offshore, Inc. has been awarded a $160m, three-year contract by an E & P operator in South East Asia, to provide the M/V Olympic Canyon DP II multipurpose vessel for offshore inspection, repair and maintenance operations. The Olympic Canyon is scheduled to commence work in April 2008 and will support client's numerous offshore projects. The vessel will be outfitted with two deepwater 150 hp Triton XLS work class ROV systems, a variety of intervention tooling and support equipment, and a 140 mT active heave compensated crane. Canyon has recently grown its fleet of chartered vessels with the addition of two new Norwegian built vessels the M/V Olympic Canyon and sister ship M/V Olympic Triton.