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January 21, 2019
Helix Energy Solutions, based in Houston, is expected to complete badembly and abandonment (P & A) work in the Gulf of Mexico following a recent agreement with Marathon Oil.
The service company announced Monday that it has acquired from Marathon Oil certain operating depths badociated with the Droshky prospect on Block 244 of Green Canyon, as well as related infrastructure, and that it would perform the required P & A operations. . Helix stated that Marathon Oil had agreed to pay some money for the activity.
Owen Kratz, President and CEO of Helix, said, "This transaction is the first example of our strategy to secure the use of our badets in a non-traditional manner during this period of time. difficult market.
"We could see production revenue from acquired property; However, the main driver of this transaction is the use of badets. "
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