Q5000 Commences Contract Operations
Helix Energy Solutions Group, Inc. (NYSE:HLX) announced today that the Q5000 commenced operations and is working on
contracted rates after resolving the previously disclosed start-up issues related to certain subsea equipment.
Although commercial discussions regarding this matter are not concluded and therefore there is still uncertainty surrounding the
full financial impact of the equipment start-up issues, the Company currently believes that the range of its previously issued
guidance should accommodate this impact. The Company will update guidance at its next earnings release.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks, uncertainties and assumptions that could cause our
results to differ materially from those expressed or implied by such forward-looking statements. All statements, other than
statements of historical fact, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act
of 1995, including, without limitation, any statements regarding our strategy; any statements regarding visibility and future
utilization; any projections of financial items; future operations expenditures; any statements regarding the plans, strategies and
objectives of management for future operations; any statements concerning developments; any statements regarding future economic
conditions or performance; any statements of expectation or belief; and any statements of assumptions underlying any of the
foregoing. The forward-looking statements are subject to a number of known and unknown risks, uncertainties and other factors
including but not limited to the performance of contracts by suppliers, customers and partners; actions by governmental and
regulatory authorities; operating hazards and delays; our ultimate ability to realize current backlog; employee management issues;
complexities of global political and economic developments; geologic risks; volatility of oil and gas prices and other risks
described from time to time in our reports filed with the Securities and Exchange Commission ("SEC"), including the Company's most
recently filed Annual Report on Form 10-K and in the Company’s other filings with the SEC, which are available free of charge on
the SEC’s website at www.sec.gov. We assume no obligation and do not intend to update these forward-looking statements except as
required by the securities laws.
Social Media
From time to time we provide information about Helix on Twitter (@Helix_ESG) and LinkedIn (www.linkedin.com/company/helix-energy-solutions-group).
About Helix
Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that
provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. For more
information about Helix, please visit our website at www.HelixESG.com.
Helix Energy Solutions Group, Inc.
Erik Staffeldt, 281-618-0400
VP – Finance & Accounting
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