Helix Energy Solutions Group, Inc. (NYSE:HLX) announced today that the Q5000
commenced operations and is working on contracted rates after resolving
the previously disclosed start-up issues related to certain subsea
equipment.
Although commercial discussions regarding this matter are not concluded
and therefore there is still uncertainty surrounding the full financial
impact of the equipment start-up issues, the Company currently believes
that the range of its previously issued guidance should accommodate this
impact. The Company will update guidance at its next earnings release.
Forward-Looking Statements
This press release contains forward-looking statements that involve
risks, uncertainties and assumptions that could cause our results to
differ materially from those expressed or implied by such
forward-looking statements. All statements, other than statements of
historical fact, are "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995, including, without
limitation, any statements regarding our strategy; any statements
regarding visibility and future utilization; any projections of
financial items; future operations expenditures; any statements
regarding the plans, strategies and objectives of management for future
operations; any statements concerning developments; any statements
regarding future economic conditions or performance; any statements of
expectation or belief; and any statements of assumptions underlying any
of the foregoing. The forward-looking statements are subject to a number
of known and unknown risks, uncertainties and other factors including
but not limited to the performance of contracts by suppliers, customers
and partners; actions by governmental and regulatory authorities;
operating hazards and delays; our ultimate ability to realize current
backlog; employee management issues; complexities of global political
and economic developments; geologic risks; volatility of oil and gas
prices and other risks described from time to time in our reports filed
with the Securities and Exchange Commission ("SEC"), including the
Company's most recently filed Annual Report on Form 10-K and in the
Company’s other filings with the SEC, which are available free of charge
on the SEC’s website at www.sec.gov.
We assume no obligation and do not intend to update these
forward-looking statements except as required by the securities laws.
Social Media
From time to time we provide information about Helix on Twitter (@Helix_ESG)
and LinkedIn (www.linkedin.com/company/helix-energy-solutions-group).
About Helix
Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is
an international offshore energy services company that provides
specialty services to the offshore energy industry, with a focus on well
intervention and robotics operations. For more information about Helix,
please visit our website at www.HelixESG.com.
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Copyright Business Wire 2016
Source: Business Wire
(May 19, 2016 - 6:18 PM EDT)
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