Helix Well Ops has the Power to Withstand Oil and Gas Slump
30 May 2016An Aberdeen based subsea services firm has said it has the strength to endure a prolonged oil and gas downturn despite seeing its income more than halved last year.
Helix Well Ops UK, which operates a fleet of vessels and semi-submersible rigs for the offshore oil and gas industry, said it was pressing ahead with the construction of a new semi-submersible vessel in Singapore which will be available to the UK business in 2019.
The Aberdeen firm, which is part of the Nasdaq listed Helix Energy Solutions Group, saw UK-based employees fall from 113 to 100 in the year to the end of December 2015.
more [source: Energy Voice]