Helix sells Deepwater Gateway

Helix Energy Solutions Group, an international offshore energy services company, has sold its 50% interest in Deepwater Gateway, L.L.C. to a subsidiary of Genesis Energy for a cash purchase price of $25 million.

Anthony Tripodo, Executive Vice President and Chief Financial Officer of Helix, stated, “The sale of the Deepwater Gateway interest is in line with Helix’s strategy of focusing on its core businesses, well intervention and robotics.”

Deepwater Gateway, L.L.C. is the owner of the Marco Polo platform. Deepwater Gateway was formed in June 2002 as a 50/50 venture between GulfTerra and Cal Dive.

The Marco Polo tension leg platform (TLP) was installed in 4,300 feet of water in Green Canyon Block 608, in the U.S. Gulf of Mexico, in 2004. It serves as the production hub platform at Anadarko’s Marco Polo field.

The Marco Polo TLP consists of two primary segments, namely the hull and the deck. The platform has a displacement of 27,500 tons; a hull weight of 5,750 tons; and a payload of 14,000 tons.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

OEE Conference & Exhibition 2019

OEE2019 is organised by Ocean Energy Europe, the industry association representing ocean energy in Europe.

read more >

Shanghai Int Petrochemical and Offshore Oil & Gas and Chemical Industry Technology and Equipment Exhibition 2019

cippe Shanghai has attracts both…

read more >

OWI LATAM 2019

Over the two-day conference, 25+ expert speakers will share exclusive insight on how to develop an integrity, production and P&A strategy…

read more >

Uganda International Oil and Gas Summit 2019

Uganda International Oil & Gas Summit will once again examine the industry’s developments…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply