HELIX ENERGY SOLUTIONS GROUP INC
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
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Item 2. Properties
VESSELS AND OTHER OPERATING ASSETS
As of December 31, 2024, our fleet included 26 owned vessels, eight IRSs, three SILs, the ROAM, 20 P&A systems, six CT systems, 39 ROVs, six trenchers and two IROV boulder grabs. We also had seven vessels under time charter agreements. All of our chartered vessels and 11 of our owned vessels have DP capabilities specifically designed to meet the needs of our customers’ offshore activities. OurSeawell andWell Enhancer vessels also have built-in saturation diving systems.
Listing of Vessels and Other Assets Related to Operations as of December 31, 2024(1)
| · · · · · · · · | ||||
|---|---|---|---|---|
| · · · Placed · · | ||||
| · · Flag · · in · · Length · · | ||||
| | State | Service (2) | (Feet) | DP |
| Floating Production Unit — | ||||
| Helix Producer I | Bahamas | 4/2009 | 528 | DP2 |
| Well Intervention — | | |||
| Q4000 (3) | U.S. | 4/2002 | 312 | DP3 |
| Seawell (4) | U.K. | 7/2002 | 368 | DP2 |
| Well Enhancer (4) | U.K. | 10/2009 | 432 | DP3 |
| Q5000 | Bahamas | 4/2015 | 358 | DP3 |
| Siem Helix 1 (5) | Bahamas | 6/2016 | 521 | DP3 |
| Siem Helix 2 (5) | Bahamas | 2/2017 | 521 | DP3 |
| Q7000 | Bahamas | 1/2020 | 320 | DP3 |
| 8 IRSs, 3 SILs and the ROAM (6) | — | Various | — | — |
| Helix Alliance — | | |||
| EPIC Hedron (heavy lift barge) | Vanuatu | 7/2022 | 400 | — |
| 9 liftboats, 6 OSVs, 3 DSVs and 1 crew boat | U.S. | 7/2022 | Various | DP1 (7) |
| 20 P&A systems and 6 CT systems | — | Various | — | — |
| Robotics — | | |||
| 39 ROVs, 6 Trenchers and 2 IROV boulder grabs (4), (8) | — | Various | — | — |
| Grand Canyon II (5) | Norway | 4/2015 | 419 | DP3 |
| Grand Canyon III (5) | Norway | 5/2017 | 419 | DP3 |
| North Sea Enabler (5) | Barbados | 5/2022 | 316 | DP2 |
| Shelia Bordelon (5) | U.S. | 2/2022 | 257 | DP2 |
| Glomar Wave (5) | Panama | 2/2023 | 216 | DP2 |
| (1) | We maintain our vessels in accordance with standards of seaworthiness, safety and health set by governmental regulations and classification organizations. We maintain our fleet to the standards for seaworthiness, safety and health set by the ABS, Bureau Veritas (“BV”), Det Norske Veritas (“DNV”), Lloyds Register of Shipping (“Lloyds”), and the Coast Guard. ABS, BV, DNV and Lloyds are classification societies used by vessel owners to certify that their vessels meet certain structural, mechanical and safety equipment standards. |
| (2) | Represents the date we placed our owned vessels in service (rather than the date of commissioning) or the date the original charters for our chartered vessels commenced, as applicable. |
| (3) | Subject to a vessel mortgage securing our MARAD Debt described in Note 7. |
| (4) | Serves as security for the Amended ABL Facility described in Note 7. |
| (5) | Vessel under a time charter agreement. |
| (6) | We own a 50% interest in the ROAM and three of the IRSs. One of the two deepwater IRSs has not yet been placed in service. |
| (7) | DP capabilities are only applicable to five OSVs. |
| (8) | Average age of our Robotics assets is approximately 12.2 years. |
We incur routine dry dock, inspection, maintenance and repair costs pursuant to applicable statutory regulations in order to maintain our vessels in accordance with the rules of the applicable class society. In addition to complying with these requirements, we have our own asset maintenance programs that we believe help us to continue to provide our customers with well-maintained, reliable assets.
FACILITIES
Our corporate headquarters are located at 3505 West Sam Houston Parkway North, Suite 400, Houston, Texas 77043. Except for one owned property related to Helix Alliance, we currently lease all of our facilities, which are primarily located in Texas, Louisiana, Scotland, Singapore and Brazil.
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