Hornbeck Offshore Services, Inc. provides marine transportation services to exploration and production, oilfield service, offshore construction, and U.S. military customers. The company owns and operates a fleet of U.S.-flagged, new generation offshore supply vessels (OSVs), and multi-purpose support vessels (MPSVs). It has 55 OSVs and 4 MPSVs primarily operating in 3 core geographic markets: the U.S. Gulf of Mexico (GoM), Brazil and Mexico. Together, these vessels support the deep-well, deepwater and ultra-deepwater requirements of the offshore oil and gas industry. Such requirements include oil and gas exploration, development, production, construction, installation, IRM (inspection, repair and maintenance), well-stimulation and other enhanced oil recovery activities. The company also has developed a specialized application of its new generation OSVs for use by the U.S. military. Markets OSVs and MPSVs operate worldwide, and are concentrated in relatively few offshore regions with high levels of exploration and development activity, such as the GoM, the North Sea, southeast Asia, west Africa, Latin America, and the Middle East. Customers The company’s customers are generally limited to large, independent, integrated or nationally-owned energy companies. For the year ended December 31, 2013, BP America, Shell Offshore and ENI each accounted for 10% or more of the company’s consolidated revenues. Seasonality Demand for the company’s offshore support services is directly affected by the levels of offshore drilling activity. Budgets of many of its customers are based upon a calendar year (year ended December 31, 2013). The company typically has an increase in demand for its Upstream vessels to survey and repair offshore infrastructure immediately following major hurricanes or other named storms in the GoM. Discontinued Operations In 2013, the company sold all of the assets and business of its Downstream segment's tug and tank barge fleet to Genesis Marine, LLC, an affiliate of Genesis Energy L.P. History Hornbeck Offshore Services, Inc. was founded in 1997. The company was incorporated under the laws of the state of Delaware in 1997.
hornbeck offshore services
103 Northpark Boulevard
Covington, LA 70433
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