Helix Announces Long Term ROV Services Contract with McDermott

  Helix Announces Long Term ROV Services Contract with McDermott

Business Wire

HOUSTON -- May 8, 2014

Helix Energy Solutions Group, Inc. (NYSE: HLX) is pleased to announce that its
Robotics subsidiary, Canyon Offshore, Inc., has reached an agreement with a
subsidiary of McDermott International, Inc. to provide remotely operated
vehicle (ROV) services and equipment for McDermott’s fleet of subsea
construction and pipelay support vessels. The agreement is for a fixed term of
three years with options to extend. Canyon will provide dual 3,000-meter ROV
systems onboard McDermott vessels, which initially is expected to include the
North Ocean 102, Lay Vessel North Ocean 105, Lay Vessel 108 and the Derrick
Lay Vessel 2000. In addition Canyon will supply tooling, personnel and ROV
project support to McDermott. Contract services and equipment mobilization are
expected to begin mid-2014, with six ROV systems being installed on three of
the McDermott vessels.

Canyon’s President Ian Edmonstone said, “We are extremely proud that McDermott
has chosen Canyon to support their subsea project ROV needs and look forward
to providing a value-added service to McDermott on all of their subsea support
vessels. We believe McDermott selected Canyon based on our track record of
deepwater construction ROV services, our quality and safety systems and most
importantly, our experienced staff of operators. We look forward to a long and
mutually successful relationship.”

About Helix

Helix Energy Solutions Group, headquartered in Houston, Texas, is an
international offshore energy company that provides specialty services to the
offshore energy industry, with a focus on well intervention and robotics
operations. For more information about Helix, please visit our website at
www.HelixESG.com.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks,
uncertainties and assumptions that could cause our results to differ
materially from those expressed or implied by such forward-looking statements.
All statements, other than statements of historical fact, are "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995, including, without limitation, any statements regarding our strategy;
any statements regarding future utilization; any projections of financial
items; future operations expenditures; any statements regarding the plans,
strategies and objectives of management for future operations; any statement
concerning developments; any statements regarding future economic conditions
or performance; any statements of expectation or belief; and any statements of
assumptions underlying any of the foregoing. The forward-looking statements
are subject to a number of known and unknown risks, uncertainties and other
factors including but not limited to the performance of contracts by
suppliers, customers and partners; actions by governmental and regulatory
authorities; operating hazards and delays; our ultimate ability to realize
current backlog; employee management issues; complexities of global political
and economic developments; geologic risks; volatility of oil and gas prices
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 the securities laws.

Social Media

From time to time we provide information about Helix on Twitter (@Helix_ESG)
and LinkedIn (www.linkedin.com).

Contact:

Helix Energy Solutions Group, Inc.
Terrence Jamerson, 281-618-0400
Director, Finance & Investor Relations
 
Press spacebar to pause and continue. Press esc to stop.