Helix Announces BP Contract for Q5000

  Helix Announces BP Contract for Q5000

Business Wire

HOUSTON -- April 4, 2013

Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it has
entered into a five-year contract with BP to provide well intervention
services to BP in the US Gulf of Mexico with Helix’s deepwater well
intervention semisubmersible vessel, the Q5000, currently being constructed in
Singapore. The contract is for a minimum 270 days each year and is expected to
commence between April and August 2015 following the delivery of the vessel
from the shipyard. The contract also includes a first right of refusal for
additional days each year and an option to extend for two successive one-year
terms.

“We appreciate the confidence BP has shown in our Company’s well intervention
services, and look forward to this integral step in further executing our
business strategy,” said Helix President and Chief Executive Officer Owen
Kratz.

About Helix

Helix Energy Solutions Group, headquartered in Houston, Texas, is an
international offshore energy company that provides key life of field services
to the energy market. For more information about Helix, please visit our
website at www.HelixESG.com.

Forward-Looking Statements

Statements included in this news release regarding the timing of commencement
of the contract, Helix’s strategy and other statements that are not historical
facts are forward-looking statements. These statements involve risks and
uncertainties including, but not limited to the performance of contracts by
suppliers, customers and partners; actions by governmental and regulatory
authorities; operating hazards and delays; employee management issues; local,
national and worldwide economic conditions; uncertainties inherent in the
exploration for and development of oil and gas; complexities of global
political and economic developments; geologic risks, volatility of oil and gas
prices; market conditions, and other risks described from time to time in our
reports filed with the Securities and Exchange Commission ("SEC"), including
the Company's most recently filed Annual Report on Form 10-K and in the
Company’s other filings with the SEC, which are available free of charge on
the SEC’s website at www.sec.gov. We assume no obligation and do not intend to
update these forward-looking statements except as required by law.

Contact:

Helix Energy Solutions Group, Inc.
Terrence Jamerson, 281-618-0400
Director, Finance & Investor Relations