Hornbeck Offshore Wins Multi-Year North Sea Decommissioning Deal
Houston – September 17, 2026 -- Hornbeck Offshore Services, Inc. (NYSE: HOS) said its subsidiary Helix Well Ops (U.K.) Limited has secured a multi-year decommissioning contract with a major North Sea operator, set to begin in the second quarter of 2027 with a firm two-year term and customer options to extend.
Contract covers riserless plug and abandonment work using purpose-built vessels
Hornbeck will perform the operations using either the Well Enhancer or Seawell, both riserless well intervention vessels. The award includes a fully integrated service package: vessel deployment, a Subsea Intervention Lubricator well access system, ROVs, saturation diving, and project management and engineering support delivered under a single contract.