J h Johnson Ri Rice & C Company E Energy C Conference f October 4, 2011
Services for Each Stage of the Field Life Cycle Drilling Field Development Production Decommissioning Seabed Evaluation / Pipeline, Flowline and Coiled Tubing, Wireline, Field Decommissioning Coring Umbilical Installation…
Business Segments Well Intervention Offshore Q4000 Production Facilities Seawell Helix Producer I Well Enhancer Helix Fast Response System Normand Clough (JV) Marco Polo TLP (50%) Mobile VDS/SILs Independence Hub Semi (20%)…
Strategically Differentiated Fleet Helix Producer I is the only DP FPU in the Gulf of Mexico Q4000 is the worlds only category B semisubmersible intervention vessel available to the open market Saturation diving deployed…
Well Intervention Assets MSV DP3 Well Enhancer MSV DP2 Normand Clough MSV DP2 Seawell MODU DP3 Q4000 Helix provides well operation and decommissioning services with the flagship Q4000 semisubmersible, the Seawell riserless…
Production Facilities Independence Hub Semi (20%) Location: Mississippi Canyon 920 Depth: 8,000 ft. Production capacity: 1 BCFD Marco Polo TLP (50%) Location: Green Canyon 608 Depth: 4,300 ft. Production capacity: 120,000…
Robotics The Helix ROV fleet consists of The state of the art I-Trencher The T-1200 jet trencher is 40+ vehicles, covering the system trenches, lays pipe up to 16 currently under construction (1H spectrum of deepwater in diameter,…
Subsea Construction Vessels DP Reel Lay Vessel Express Helixs H li dual-reel d l l pipelay i l and d subsea b construction t ti vessel has established an extensive track record of field installation projects around the…
Helix Fast Response System (HFRS) Utilizes vessels and subsea systems proven in Macondo spill response p y to capture Capability p and process up to 55,000 bpd in water depths to 10,000 feet at 15,000 psi 24 independent…
Offshore Renewable Energy Support Generated non-oilfield revenues of 36.5 million on power cable burial projects in 2010 Provide trenching, cable burial and ROV support for offshore wind farm development Current focus on export…
Helix Oil and Gas 12/31/2010 Reserve Profile 376 Bcfe 55% D Deepwater t GOM 40% proved developed 40% Oil PV 10 1 PV-10 1.3 3 billion Mid-August Average Production Profile 134 mmcfe/d* 70% of production is oil 65% of…
Debt Profile Credit Facilities Facilities, Commitments and Amortization December 2012 (Potential Put by Holders, Actual Maturity December 2025): 300 Million Convertible Notes Interest only until put by noteholders or called by Helix.…
Debt Profile (continued) Credit Facilities Facilities, Commitments and Amortization January 2016: 500 Million High Yield Notes (550 million at June 30, 2011) Interest only until maturity (January 2016) or called by Helix. First Helix…
2011 Outlook 17
2011 Outlook 2011 Forecast 2011 Forecast Broad Metrics 2010 Actual (revised) (original) Oil and Gas 50 Bcfe 49 Bcfe 47 Bcfe Production EBITDAX 575+ million 475 million 430 million CAPEX 275 million 225 million 179 million…
2011 Outlook Contracting Services o Strong backlog for the Q4000, Well Enhancer and Seawell in 2011 o Continued robotics utilization recovery in second half of 2011, driven primarily by activity outside the GOM o Backlog for Express…
2011 Outlook Capital Expenditures o Contracting Services (115 million) No major vessel projects planned for 2011 Caesar thruster upgrade continues through Q3 Incremental investment in robotics business o Oil and Gas (160 million)…
Summary of Aug 2011 Dec 2012 Hedging Positions * Total Volume Pricing Swap Average Collar Price Oil (Bbls) Collars Swaps Hedged Basis Pricing Floor Ceiling 2011 245,000 855,000 1,100,000 WTI 82.54 95.00 124.67 2011 150,000 -…
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