Helix Energy Solutions, a Houston-based oilfield services provider has taken delivery Q5000 semi-submersible well intervention vessel from Sembcorp Marine’s Jurong Shipyard.
In conjunction with delivery of the vessel, the company used proceeds of the previously announced $250 million Q5000 credit facility to make the final shipyard payment.
The remaining cash balance of the facility, approximately $148 million, will be used for general corporate and working capital needs, Helix said in a statement last night.
Q5000 has been designed to perform a wide variety of tasks, including subsea well intervention, field and well decommissioning, installation and recovery of subsea equipment, well testing and emergency well containment.
It is equipped with a multipurpose tower capable of fulfilling all traditional derrick roles, plus a deepwater crane with lifting capacity to 360mT and a work crane rated to 160 mT. The vessel’s design includes a 68 ft x 26 ft moonpool and 23 ft x 22 ft mechanized fully opening rig floor door, a 7- 3/8 inch intervention riser system, two 10,000 ft heavy-weather ROV systems and an overall deck load of 3,000 mT.