Reported Late Thursday, Helix Energy Solutions And Talos Energy Establish Framework Agreement For Decommissioning In U.S. Gulf Of Mexico

Author: Benzinga Newsdesk | March 01, 2024 02:59am

Award demonstrates Helix's expansion of its decommissioning operations and Talos's commitment to decommissioning solutions in the U.S. Gulf of Mexico.

Helix Energy Solutions Group, Inc. ("Helix") (NYSE:HLX) is pleased to announce a five-year joint framework agreement with Talos Energy Inc. ("Talos") (NYSE:TALO) in which Talos has agreed to provide Helix the first right of refusal regarding specific annual work scopes for Talos's decommissioning requirements in the U.S. Gulf of Mexico. The agreement includes a base pricing structure and processes for determining and scheduling specific projects Talos requires. Work is expected to commence in the second quarter of 2024.

Posted In: HLX TALO