Helix Energy Solutions Group, Inc. · NYSE:HLX
Helix Energy Solutions — Corporate Update (August 2009)
11 slides from Helix Energy Solutions's corporate update, Aug 24, 2009
Slide 1: Operational Update
Operational Update August 25, 2009
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All such statements, other than statements of historical fact, are statements that could be deemed
Slide 3: Presentation Outline
Presentation Outline • Oil & Gas Production • Assets under Construction Update • Contracting Services • Questions & Answers Pipeline to PLET welding for ENI Longhorn
Slide 4: Oil & Gas Production
Oil & Gas Production § Noonan Gas Production § Sea Robin pipeline - additional hurricane damage discovered by operator § Current estimate for Sea Robin pipeline return to service: November 1, 2009 § ±40 mmcfe/day (net) of production curtailed § Q3 GOM production rates affected by a variety of mechan
Slide 5: Oil & Gas Production
Oil & Gas Production § Danny production § Pipeline welding underway at our new Ingleside spool base § Express pipelay vessel to install pipeline - estimated start date of Oct. 1, 2009 § Estimated first production expected to occur Q1, 2010 § Phoenix production § Helix Producer 1: installation of pro
Slide 6: Vessels Under Construction
Vessels Under Construction Progressing as planned Well Enhancer • All marine tests have been completed • Vessel to leave Rotterdam this week for offshore well intervention tower operational tests • Vessel expected to start work as well intervention vessel in UK North Sea sector in September Caesar •
Slide 7: Vessels Under Construction - Continued
Vessels Under Construction - Continued Progressing as planned Helix Producer I • Fabrication of production modules foundation and installation of external thrusters and turret porches and supports ongoing • Review of engineering and plans by Lloyds and USGC is continuing • Installation of 2,500 te.
Slide 8: Contracting Services
Contracting Services Helix Danny pipe welding Automated pipe tension system Aerial view of Ingleside Shore Base
Slide 9: Contracting Services - Continued
Contracting Services - Continued § Market conditions have softened, as expected § Some reallocation of vessels to internal use § Express - installation of Danny pipeline (Q4) § Intrepid - installation of Phoenix subsea infrastructure (2009, 2010) § Q4000, Intrepid - some usage for ERT P & A activity
Slide 10: Team Helix
eam HELIX
Slide 11: Slide 11
Helix Energy Solutions Group — Corporate Update (August 2009) on 6ix