Siem Offshore and Helix Energy Solutions Group, has entered into an agreement for the Well Intervention Vessels Siem Helix 1 and Siem Helix 2.

The agreements will replace the existing contracts and the new firm period will be 3 years for “Siem Helix 1” and 5 years for “Siem Helix 2” with subsequent options for both vessels. Commencement will be in direct continuation of present contractswithin the first quarter of 2022.

– The extension reconfirms that the Company plays an important role in the Well Intervention segment, and we are very pleased to see a key client such as Helix Energy Solutions extend our professional relationship, says Bernt Omdal – CEO, Siem Offshore Inc.

Total contractbacklog for SIOFF is now USD 440 million.