Award further demonstrates Helix’s strength as a leading well intervention services provider in the U.S. Gulf.

Helix Energy Solutions Group, Inc. (Helix) (NYSE: HLX) is pleased to announce that its Louisiana-based shallow water abandonment group, Helix Alliance, has secured a three-year framework agreement (“Agreement”) with ExxonMobil for offshore plug and abandonment (“P&A”) services.

“This agreement underscores our commitment to delivering high-value, fit-for-purpose decommissioning services,” said Owen Kratz, President and Chief Executive Officer of Helix. “This agreement also demonstrates Helix Alliance’s position as a trusted partner for comprehensive offshore solutions, providing well intervention, diving, heavy lift, and marine support services on the U.S. Gulf of America shelf.”

About Helix

Helix Energy Solutions Group, Inc., (NYSE: HLX)AC 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, robotics and full field decommissioning operations. Our services are key in supporting a global energy transition by maximizing production of existing oil and gas reserves, decommissioning end-of-life oil and gas fields and supporting renewable energy developments.

About ExxonMobil

ExxonMobil (NYSE: XOM), one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society's evolving needs.

The corporation's primary businesses - Upstream, Product Solutions and Low Carbon Solutions – provide products that enable modern life, including energy, chemicals, lubricants, and lower emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants, and chemical companies in the world. ExxonMobil also owns and operates the largest CO2 pipeline network in the United States.

In 2021, ExxonMobil announced Scope 1 and 2 greenhouse gas emission-reduction plans for 2030 for operated assets, compared to 2016 levels. The plans are to achieve a 20-30% reduction in corporate-wide greenhouse gas intensity; a 40-50% reduction in greenhouse gas intensity of upstream operations; a 70-80% reduction in corporate-wide methane intensity; and a 60-70% reduction in corporate-wide flaring intensity.

With advancements in technology and the support of clear and consistent government policies, ExxonMobil aims to achieve net-zero Scope 1 and 2 greenhouse gas emissions from its operated assets by 2050