Source: Helix Energy Solutions Group
Helix Energy Solutions Group, Inc. (NYSE:HLX) has executed agreements for its Helix Fast Response System (HFRS) to be named as a spill response resource for the U.S. Gulf of Mexico in response plans submitted by oil and gas producers with state and federal authorities.
The HFRS centers on two vessels, the Helix Producer I and the Q4000, both of which played a key role in the BP Macondo spill response and are presently operating in the Gulf of Mexico.
Helix signed an agreement with Clean Gulf Associates (CGA), a non-profit industry group, making the HFRS available for a two year term to CGA participants in the event of a GOM well blowout incident in exchange for a retainer fee. In addition to the agreement with CGA, Helix also has signed separate utilization agreements with 19 CGA participant member companies to date, specifying the day rates to be charged should the solution be deployed.
"We are pleased to have reached agreements with a key group of industry players to provide the Gulf of Mexico's first proven spill containment system and are honored by its the recent endorsement from BOEMRE Director Bromwich," said Owen Kratz, CEO of Helix. "We firmly believe that our proven, industry-led solution is critical to establishing confidence in the industry's ability to respond to potential blow out incidents in the region."
Based on the lessons learned and technologies developed for the Macondo spill response, Helix has developed its Fast Response System (HFRS) for future spills. The system uses proven methodologies to provide spill response capacity.
At full production capacity, the Helix HFRS can handle up to 55,000 BOPD, 70,000 BLPD and 95 MMSCFD, at 10,000 psi in water depths to 8,000 feet.
Benefits of the Helix HFRS include:
Vessels and crews currently operating in the Gulf.
The Helix Producer I and Q4000 operate in the Gulf of Mexico full time, with experienced crews. Calling off working vessels is operationally preferable to a modular system that would take longer to deploy and go untested for extended periods.
Subsea components built and staged in advance.
The HFRS includes key subsea systems to transport hydrocarbons to the surface for capture and disposal are kept in inventory at Helix's Gulf of Mexico spoolbase, where they are maintained and available for deployment at a moment's notice.
Helix Energy Solutions Group, headquartered in Houston, Texas, is an international offshore energy company that provides development solutions and other key life of field services to the energy market as well as to our own oil and gas business unit.