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Hornbeck Offshore Secures Multi-Year North Sea Decommissioning Contract Starting Q2 2027
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Hornbeck Offshore Services, Inc. ("Hornbeck") (NYSE:HOS), a premier integrated offshore services company, today announced that its subsidiary Helix Well Ops (U.K.) Limited has secured a multi-year decommissioning contract with a major operator in the North Sea. The contract is expected to commence in the second quarter of 2027 and has a firm duration of two years, with customer options to extend.

Under the contract, Hornbeck will perform riserless plug and abandonment operations utilizing either the Well Enhancer or Seawell, both purpose-built riserless well intervention vessels. In addition, Hornbeck will deliver a fully integrated solution, including the vessel, a well access system (Subsea Intervention Lubricator), ROVs, saturation diving, and project management and engineering services.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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