Hornbeck Offshore Services, Inc. provides marine transportation, subsea installation, and accommodation support services to exploration and production, oilfield service, offshore construction, and the U.S. military customers. The company owns and operates a fleet of the U.S.-flagged, new generation offshore supply vessels (OSVs) and multi-purpose support vessels (MPSVs). It has 62 OSVs and 6 MPSVs. Together, these vessels support the deep-well, deepwater and ultra-deepwater activities of the offshore oil and gas industry. Such activities include oil and gas exploration; field development; production; construction; installation; inspection, repair and maintenance; well-stimulation; and other enhanced oil recovery activities. The company has also developed a specialized application of its new generation OSVs for use by the U.S. military. The company operates in three core geographic markets: the GoM, Mexico and Brazil. In addition to its core markets, it frequently operates in other foreign regions on a project or term charter basis. The company has operated in the Middle East, the Mediterranean Sea, the Black Sea and Latin America, including Nicaragua, Guyana, Trinidad and Argentina. The company has further diversified by providing specialized vessel solutions to non-oilfield customers, such as the United States military, as well as oceanographic research and other customers that utilize marine platforms in their operations. In addition, the company provides vessel management services for other vessel owners, such as crewing, daily operational management and maintenance activities. The company also operates a shore-base support facility located in Port Fourchon, Louisiana. Customers The company’s customers are limited to large, independent, integrated or nationally-owned energy companies. For the year ended December 31, 2015, Royal Dutch Shell plc (including worldwide affiliates) and Seabed Geosolutions (US) Inc. each accounted for 10% or more of its consolidated revenues. Seasonality Demand for the company’s offshore support services is directly affected by the levels of offshore drilling and production activity. Budgets of many of its customers are based upon a calendar year, and demand for its services has historically been stronger in the second and third calendar quarters when allocated budgets are expended by its customers and weather conditions are more favorable for offshore activities. The company typically has an increase in demand for its vessels to survey and repair offshore infrastructure immediately following major hurricanes or other named storms in the GoM. Government Regulation Environmental Laws and Regulations: All of the wastes that the company generates are handled in all material respects in compliance with the Resource Conservation and Recovery Act and analogous state statutes. 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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