BP contracts the Helix Producer I FPU to help with oil spill containment

Source: Helix Energy Solutions

Helix Energy Solutions Group (NYSE:HLX) announced that its Floating Production Unit, the Helix Producer I (HPI), has been contracted by BP Exploration & Production Company (NYSE:BP) to assist in BP's Gulf of Mexico oil spill response operations

For comprehensive coverage of the Deepwater Horizon incident, oil spill in the Gulf of Mexico and efforts under way to resolve them, visit PennEnergy's Oil Spill in the Gulf of Mexico special section.

The HPI will be part of BP's containment plan to capture and process oil and gas from the Macondo well and to offload such oil and gas to a tanker. The HPI is expected to support BP's efforts for a minimum of sixty days.

The HPI will join two other contracting services vessels owned by Helix, the Express and Q4000, in supporting BP on the Deepwater Horizon spill response and containment operations. The Q4000 has been providing services to BP since the beginning of May. 

As a result of the HPI's involvement in the BP spill response, production from Helix ESG's Phoenix deepwater oil field will be deferred until the HPI comes off hire with BP. Helix ESG expects the financial contribution from the BP HPI contract will offset the financial impact from deferred production of the Phoenix oil field.

The Phoenix oil field, located in the Gulf of Mexico's Green Canyon Block 237, is ready to commence production upon HPI's return to the site, with all necessary U.S. Coast Guard and Minerals Management Service permits and approvals in place.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs