Helix Energy Solutions's chief executive provided new insight into rate cuts by Petrobras on a well-intervention charter.
Owen Kratz told analysts today that the contract renegotiation by the Brazilian oil company will cost the company $5m per year in earnings before interest, taxes, depreciation and amortisation (ebitda).
TradeWinds reported last month that Petrobras amended a contract with Houston-based Helix for the 158-metre Siem Helix 1 and sister vessel Siem Helix 2.
Helix
