Siem Helix 2 Commences Operations in Brazil

HOUSTON–(BUSINESS WIRE)–Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that the Siem
Helix 2 has successfully completed the vessel acceptance process and
is on contract offshore Brazil. The vessel will be performing well
intervention services under a multi-year contract with Petrobras.

Owen Kratz, President and Chief Executive Officer of Helix, stated, “We
are pleased to announce the commencement of operations of Siem Helix 2
for Petrobras. Our team applied the lessons learned from the Siem
Helix 1 process to efficiently complete the Siem Helix 2
acceptance and testing. With the addition of the Siem Helix 2,
the sixth well intervention vessel in our fleet, we continue to
strengthen our position in the well intervention market.”

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 regarding future operations
expenditures; any statements regarding the plans, strategies and
objectives of management for future operations; 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 including but not limited to the
performance of contracts by suppliers, customers and partners; actions
by governmental and regulatory authorities; operating hazards and
delays; 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 the Company's most
recently filed Annual Report on Form 10-K and in the Company’s other
filings with the SEC, which are available free of charge on the SEC’s
website at www.sec.gov.
We assume no obligation and do not intend to update these
forward-looking statements except as required by the securities laws.

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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 www.HelixESG.com.

Contacts

Helix Energy Solutions Group, Inc.
Erik Staffeldt, 281-618-0400
Senior
Vice President & CFO