Hornbeck Offshore signs deepwater services deal with Shell

Hornbeck Offshore Services, Inc. (NYSE: HOS) has entered into multiple agreements with Shell Offshore Inc. to provide deepwater services in the U.S. Gulf of America, according to a company press release.

Under the agreements, Hornbeck will provide riser-based well intervention, riserless well intervention stimulation support, and marine transportation services. The company expects to deploy a riser-based Well Intervention Vessel with an Intervention Riser System, Remotely Operated Vehicles, and project management and engineering services, alongside a high-specification Multi-Purpose Support Vessel with similar support capabilities, and deepwater Jones Act-compliant Offshore Supply Vessels.

Operations are scheduled to begin in 2027. The riser-based Well Intervention Vessel and its support vessel are contracted for five years.

Todd M. Hornbeck, President and CEO, said, "We are excited to expand our longstanding relationship with Shell. We look forward to delivering integrated services through a unique combination of high-specification assets in the deepwater basins of the U.S. Gulf of America."

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