Reported Late Thursday, Helix Energy Solutions And Talos Energy Establish Framework Agreement For Decommissioning In U.S. Gulf Of Mexico

Award demonstrates Helix's expansion of its decommissioning operations and Talos's commitment to decommissioning solutions in the U.S. Gulf of Mexico.

Helix Energy Solutions Group, Inc. ("Helix") (NYSE:HLX) is pleased to announce a five-year joint framework agreement with Talos Energy Inc. ("Talos") (NYSE:TALO) in which Talos has agreed to provide Helix the first right of refusal regarding specific annual work scopes for Talos's decommissioning requirements in the U.S. Gulf of Mexico. The agreement includes a base pricing structure and processes for determining and scheduling specific projects Talos requires. Work is expected to commence in the second quarter of 2024.