Helix Energy Solutions Group, Inc. · NYSE:HLX
Helix Energy Solutions — BOEMRE Panel Discussion 2010
18 slides from Helix Energy Solutions's conference presentation, Sep 13, 2010
Slide 1: Spill Containment: Fast Response to GOM Subsea Oil Spills
Bart Heijermans Chief Operating Officer Helix’s mission is to use its Services and Methodologies to lower F&D and LOE cost Company Update Spill Containment Fast Response to GOM Subsea Oil Spills BOEMRE Panel Discussion September 13, 2010 Lafayette, Louisiana Changing the way you succeed.
Slide 2: An American Success Story
An American Success Story GOM Deepwater – World’s Leading Innovation Basin Helix has gone from a small, start‐up dive contractor to a leader in deepwater technology in just 20 years. It has invested in some very unique and forward‐looking innovations, including the Q4000 and the Helix Producer 1, me
Slide 3: Setting the Stage
Setting the Stage • Helix Energy Solutions Group, Inc. is a publicly traded US company involved in subsea construction, well intervention and robotics services on a global level (GOM, North Sea, West Africa, South East Asia) and is also an oil & gas producer in the GOM. Helix has approximately 1,600
Slide 4: Helix Vessels at Macondo
Helix Vessels at Macondo Helix vessels played a key role in responding to the Macondo blowout and spill. They were approved by the USCG and the DOI and demonstrated effective p performance without environmental and safety incidents Helix Q4000 Helix Express Helix Producer I Changing the way you succ
Slide 5: Helix Q4000
Helix Q4000 • DP3 MODU • US Flag – ABS classed • 600 Te. Multi Purpose Tower (Derrick) • 360 Te. Te / 160 Te. Te Deepwater Cranes • 2 x 150 HP ROV’s • 3,000 barrel fluid handling system • Open deck versatile – not your typical rig H d Hydrate iin the h containment i d dome Changing the way you succe
Slide 6: Q4000 Macondo Response
Q4000 Macondo Response Dynamic Kill Static Kill With Evergreen Burners HBOP recovery • Arrived in staging area within 3 days d off call‐off ll ff • Multi functional and ease of adaptability between operating modes • Containment • Dynamic Kill • Flaring • Static Kill • Recovery • Control platform for
Slide 7: DP 2 FPS Helix Producer I
DP 2 FPS Helix Producer I • Capacity: • 45,000 BOPD • 60,000 BLPD • 80 MMCFD (can be expanded) • Lloyds classed and DOI and USGC approved FPU with quick disconnectable side mounted turret with swivels Changing the way you succeed. 7 Draft
Slide 8: HPI Macondo Deployment
HPI Macondo Deployment Called to action on June 12, 2010. Departed Phoenix / Typhoon location in GC237 within 2 days and was operational in MC252 30 days later. Helix plans to make permanent modifications to the HPI to shorten response time from 30 to 10 days. Our goals • Call‐off on Day 1 • Respons
Slide 9: MSV DP2 Express
MSV DP2 Express Used to install Macondo Containment Subsea Infrastructure • 520 foot long DP2 reel lay vessel • Reels hold 3,000 tons of rigid steel pipe up to 14 inches in diameter • Open deck allows the vessel to carry multiple reels of flexible flowlines • 450 Te. deck crane; 250 Te., A&R cable a
Slide 10: Helix Fast Response System (HFRS)
Helix Fast Response System (HFRS) • Operators have requested Helix to make the Q4000 and HPI available as part of a readily deployable Helix fast response system (HFRS) to contain and / or minimize oil pollution in another Macondo like incident. • Helix H li needs d to invest i approx. $25 MM to mak
Slide 11: Helix Fast Response System (HFRS)
Helix Fast Response System (HFRS) Clean‐up Clean‐up AND Containment at Source Available Assets used on Macondo MWCC L Long T Term S Solution l ti Scalable HFRS is not in competition with the MWCC solution, but can be used as bridge to and a Oil Response Plan component of the MWCC Long Term Solutio
Slide 12: Helix Fast Response System 2010
Helix Fast Response System 2010 Target in in‐service service date of 10 days from call call‐out out Q4000 Helix Producer I DP Tug Non-DP US flag tanker IRS 7 3/8” 10ksi SSOD Flow Can connect to BOP or Tree 13 5/8” 10ksi dual rams 18 ¾” ¾ 10ksi H4 connector The system is scheduled to be ready in Dec
Slide 13: Containment Capacity Required << Well WCD
Containment Capacity Required << Well WCD Real scenario of deepwater Miocene well: WCD = 92,000 BPD liquid (38,000 BOPD). Helix containment system reduces overall liquid flow to 44,000 BPD and oil to 19,000 BPD by applying a 6,500 psi back pressure at the Q4000 Open hole flow rate as parameter to si
Slide 14: Paralyzed Industry
Paralyzed Industry Uncertainty • Regulatory requirements Worst Case Containment Needs • WCD calculation? • Clean‐up capacity and response time? • Role of containment? • Bonding / Financial requirements • Liability cap / ability of buy insurance / bond? Assets used on • Net worth requirement? Macondo
Slide 15: Containment CAPEX vs. Capacity
Containment CAPEX vs. Capacity Containment We need to cooperate and make key vessels available in a pre‐engineered CAPEX response plan vs. building new vessels that will be standing by at a high capital and operating cost Higher LOE Containment assets HPI and Q4000 Capacity Important: Required well
Slide 16: Deepwater Response – A Global Effort
Deepwater Response – A Global Effort Proposed changes to law and regulations which have already passed in the House could result in the departure of foreign flag vessels from the GOM. Without foreign flag vessels the response to Macondo… Changing the way you succeed. 16
Slide 17: Deepwater Response – A Global Effort
Deepwater Response – A Global Effort Would have looked like this….... ….. Just the Helix MSV Q4000 and supply vessels would have been available Without foreign flag / owned vessels there is no ability adequately to respond to deepwater spills. Changing the way you succeed. 17
Slide 18: Key Take-Aways
Key Take-Aways • The Helix Q4000 and Helix Producer I are GOM based and uniquely capable to respond to future subsea spills under any type of umbrella organization. These assets used at Macondo already constitute a significant portion of any containment solution. • Helix H li is i seeking ki industr
Helix Energy Solutions Group — BOEMRE Panel Discussion 2010 on 6ix