Siem Offshore has announced the signing of new agreements with Helix Energy Solutions for Well Intervention vessels, ‘Siem Helix 1’ and ‘Siem Helix 2’.
The new contracts, effective from January 1 2025, and January 1 2026, respectively, replace existing agreements and ensure firm utilisation for these key vessels until at least 2030. With a duration of 6 years for each vessel, and the option for extension for up to 5 years, this provides a solid foundation for future earnings and growth for Siem Offshore.