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Helix Secures P&A Work with Acquired Lease in GOM


Helix Energy Solutions Group, Inc. (NYSE:HLX) announced today that it
has acquired from Marathon Oil Corporation ("Marathon Oil") certain
operating depths associated with the Droshky Prospect on Green Canyon
Block 244, along with related infrastructure. As part of the
transaction, Helix will perform the required plug and abandonment
operations for which Marathon Oil will pay certain agreed upon amounts.

Owen Kratz, President and Chief Executive Officer of Helix, stated,
"This transaction represents the first instance of executing our
strategy to secure utilization for our assets in non-traditional ways
during this continuing challenging market period. We may see some
production revenues from the acquired property; however, the principal
driver for this transaction is asset utilization."

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

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; any statements relating to any effects of the
acquisition regarding future operations expenditures; any statements
regarding the plans, strategies and objectives of management for future
operations; any statements regarding our ability to enter into and/or
perform commercial contracts; 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 that could cause results to differ materially from those in the
forward-looking statements, including but not limited to market
conditions; results from acquired properties; demand for our services
from sellers of interests in oil and gas properties; the performance of
contracts by suppliers, customers and partners; actions by governmental
and regulatory authorities; operating hazards and delays, which include
delays in delivery, chartering or customer acceptance of assets or terms
of their acceptance; 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 Helix's most
recently filed Annual Report on Form 10-K and in Helix's other filings
with the SEC, which are available free of charge on the SEC's website at
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 (

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