Hornbeck Offshore Secures Multiple Deepwater Service Agreements with Shell
Hornbeck Offshore Services (NYSE: HOS) has entered into several agreements with Shell Offshore Inc. to provide integrated deepwater services in the U.S. Gulf of Mexico. The scope of work includes riser-based well intervention, stimulation support, and marine transportation. To fulfill these contracts, Hornbeck plans to deploy a technologically advanced Well Intervention Vessel equipped with an Intervention Riser System (IRS), high-specification Multi-Purpose Support Vessels, and Jones Act-compliant Offshore Supply Vessels. Operations are slated to begin in 2027, with the primary well intervention vessel contracted for a five-year term.
Topics: Deepwater Operations Offshore Services Oil & Gas Service Agreements