Market Overview

HWCG LLC and Helix Energy Solutions Group, Inc. Execute New Agreements for Response Resources

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HWCG
LLC
(HWCG) is pleased to announce they have
entered into a new contract with Helix
Energy Solutions Group, Inc.
(NYSE:HLX) to amend and extend
their Agreement for Response Resources (ARR). The ARR provides members
of HWCG access to specific deepwater well containment resources owned by
Helix which are referenced by HWCG Members in their response plans.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20190128005597/en/

HWCG LLC and Helix Energy Solutions Group Representatives (Photo: Business Wire)

HWCG LLC and Helix Energy Solutions Group Representatives (Photo: Business Wire)

HWCG's Managing Director, Craig Castille, stated "HWCG and Helix came
together in 2010 after Macondo to develop a robust response plan to
quickly and decisively contain a deepwater blowout and protect people,
preserve the environment and minimize property damage. We are pleased to
extend our relationship with Helix because it provides significant value
and familiarity to our Members. HWCG continues to improve its response
capability and will be able to place its new Production Test System
capable of 130,000 BLPD & 220 MMscf/day on a Single Vessel like the
Q4000 or Q5000, currently working in the Gulf of Mexico, by February
2019. Our solutions, driven by Members, are being simplified and made
more flexible in order to improve response capability, safety and
schedule."

HWCG is a consortium currently comprised of 16 independent and
multi-national companies focused on safe and sustainable development of
deepwater reserves in the US Gulf of Mexico. The consortium develops and
maintains access to a comprehensive deepwater well containment response
system in order to rapidly respond to a deepwater blowout and protect
people, property and the environment.

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