Helix extends subsea alliance agreement with Schlumberger by one year to January 2026
On February 17, 2025, Helix Energy Solutions Group and its OneSubsea and Schlumberger affiliates signed an amendment to their strategic alliance for subsea well intervention systems. The amendment extends the agreement's ten-year term by one year, to January 5, 2026, and reflects Cameron Lux V Sarl as successor to OneSubsea B.V. The filing discloses no financial terms, so the effect on Helix's results is not quantified.
Key points
- Amendment dated February 17, 2025 extends the Alliance Agreement by one year, to January 5, 2026.
- The original Strategic Alliance Agreement was entered into January 5, 2015 and provided a ten-year term.
- Cameron Lux V Sarl is named as successor in interest to OneSubsea B.V.
- The filing does not disclose financial terms of the amendment.
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 21, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.