HOUSTON--(BUSINESS WIRE)--Nov. 30, 2009--
Caesar is a dynamically positioned (DP2) pipelay vessel capable of laying large diameter concrete coated pipelines in shallow water, and up to 24-inch diameter pipelines in deep waters. Caesar’s onboard pipeline manufacturing capability facilitates pipelay operations without dedicated onshore infrastructure, making her a cost-effective option in remote areas versus reeled pipelay vessels. In addition, her 300 metric ton crane and 450 metric ton A-frame are well suited for deepwater installation of inline manifolds and terminals.
“The S-lay Caesar will increase the options available to operators who are planning major deepwater subsea construction projects,” said Helix ESG’s Chief Operating Officer
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. All statements, other than statements of historical fact, are statements that could be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, any projections of revenue, gross margin, expenses, earnings or losses from operations, or other financial items; future production volumes, results of exploration, exploitation, development, acquisition and operations expenditures, and prospective reserve levels of property or wells; any statements of the plans, strategies and objectives of management for future operations; any statement concerning developments, performance or industry rankings; any statements regarding future economic conditions or performance; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. The risks, uncertainties and assumptions referred to above include the performance of contracts by suppliers, customers and partners; employee management issues; complexities of global political and economic developments; geologic risks and other risks described from time to time in our reports filed with the
Helix Energy Solutions Group, Inc.
Tony Tripodo, 281-618-0400
Chief Financial Officer