Company Updates

Canyon Offshore Announces MCA Agreement with Technip

15CaynonlogoHelix Energy Solutions Group, Inc., a New York Stock Exchange publicly traded company based in Houston, Texas, is pleased to announce that its robotics subsidiary, Canyon Offshore, Inc., has executed a Master Charter Agreement (“MCA”) with Technip U.S.A., Inc. to provide Light Construction Vessels, ROV services, and tooling in support of Technip’s subsea construction projects in the U.S. Gulf of Mexico. The MCA includes a firm three year term, with annual renewal options available. Canyon will provide multiple vessel choices to Technip; each vessel includes dual 3,000m work class ROV systems on-board. The vessels consist of the M/V Rem Installer and Grand Canyon series of vessels with 250 ton, Active Heave Compensated (AHC), 3000m rated cranes, and the M/V Deep Cygnus, with a 150 ton AHC crane. In addition Canyon will supply tooling, personnel, and ROV project support to Technip.

Mr. Ian Edmonstone, Canyon’s President, said “We are extremely proud that Technip has chosen Canyon to support their subsea project Light Construction Vessel and ROV needs and look forward to providing a value added service to Technip. We believe that this award reflects Canyon’s long and successful track record of deepwater construction Vessel and ROV services, our quality and safety systems and most importantly our experienced staff of operators. We look forward to a continued, long and mutually successful relationship”.

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