Helix Energy Solutions Group, Inc. reported that it is proceeding with the construction of a newbuild semisubmersible well intervention vessel.

"We are leveraging our market and technological leadership in subsea well intervention along with the proven success of the Q4000 platform to satisfy an increasing market interest for specialized deepwater well intervention services. We have previously indicated that we intend to address this growing market by delivering new capacity and will continue to expand this business segment further," said Owen Kratz, Helix's Chairman and CEO.

Helix has completed the detailed engineering for the new vessel and expects to commence construction in the near future.

Tags: Helix Energy Solutions