Press Releases
The Danny II exploration well was drilled to a total depth of approximately 14,750 feet, in water depths of approximately 2,800 feet. The well is currently being completed and most likely will be developed via a subsea tie back system to our 70% owned and operated East Cameron Block 381 platform located approximately 31 miles to the north in 370 feet of water. First production from Danny II is expected in the fourth quarter of 2012.
Helix holds a 50% working interest in the exploration well jointly with
About Helix
Forward-Looking Statements
This press release contains forward-looking statements that involve
risks, uncertainties and assumptions that could cause our results to
differ materially from those expressed or implied by such
forward-looking statements. Among the factors that could cause actual
results to differ materially are changes in prices of, demand for and
supply of crude oil and natural gas; actions of competitors; the
inability or failure of the company's joint-venture partners to fund
their share of operations and development activities; the potential
failure to achieve expected net production from existing and future
crude oil and natural gas development projects; potential delays in the
development, construction or start-up of planned projects; the potential
disruption or interruption of production and development activities due
to war, accidents, political events, civil unrest, or severe weather;
government-mandated sales, divestitures, recapitalizations and changes
in fiscal terms or restrictions on scope of company operations; general
economic and political conditions; and other risks described from time
to time in our reports filed with the
Source:
Helix Energy Solutions Group, Inc.
Terrence Jamerson,
281-618-0400
Director, Finance & Investor Relations