Press Releases
The Wang exploration well was drilled to a total depth of approximately 18,300 feet, in water depths of approximately 2,300 feet. The well is currently being completed and will be developed via a subsea tie back system to our Helix-owned Helix Producer I floating production unit. First production from Wang is expected early second quarter of 2013.
The Company recently disclosed in a previous press release that it has
entered a definitive agreement to sell ERT to
ERT (Operator) holds a 70% 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
Terrence Jamerson, 281-618-0400
Director,
Finance & Investor Relations