Under the Agreement, HWCG’s members are given the opportunity to identify the Helix Fast Response System as a response resource in permit applications to
Under the terms of the Agreement, HWCG will pay Helix an annual retention fee. HWCG’s members will receive a credit against the annual retention fee for every day that a member utilizes the Q4000 or Q5000. The Agreement replaces the parties’ prior agreement and is effective
“We are pleased to continue our long-standing relationship with HWCG, and are proud to stand on call as a first responder in the Gulf of Mexico,” said
HWCG’s Managing Director,
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 “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, any statements regarding our protocols and plans; our strategy; any statements regarding visibility and future utilization; any projections of financial items; any statements regarding future operations expenditures; any statements regarding the plans, strategies and objectives of management for future operations; any statements regarding our ability to enter into, renew and/or perform commercial contracts; any statements concerning developments; any statements regarding future economic conditions or performance; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Forward-looking statements are subject to a number of known and unknown risks, uncertainties and other factors that could cause results to differ materially from those in the forward-looking statements, including but not limited to the results and effects of the COVID-19 pandemic and actions by governments, customers, suppliers and partners with respect thereto; market conditions; results from acquired properties; demand for our services; the performance of contracts by suppliers, customers and partners; actions by governmental and regulatory authorities including recent regulatory initiatives by the new
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Executive Vice President & CFO