HOUSTON — January 2023 — Dynasty Energy Services, LLC. announced today that it has entered into an agreement with Helix Energy Solutions Group, Inc. (NYSE: HLX) to develop and market Dynasty’s section milling technology.
Dynasty Energy Services, LLC., a global leader providing specialized fishing, single and multi-string section milling, and plug and abandonment service technologies, announced today its contractual alliance with Helix to develop and market section milling technology suitable for coil deployed, riserless subsea well intervention and abandonment. During the term of the alliance Helix has the exclusive right to certain of Dynasty’s milling tools for vessel based offshore operations. The use of motor-driven section milling tools on coiled tubing in offshore applications has the potential to provide a unique alternative to operators in decommissioning offshore oil and gas wells.
“We are excited about the opportunity this alliance has to offer for Dynasty, Helix and the entire oilfield community,” says Jimmy Glasgow, President and CEO for Dynasty. “We look forward to the future as we continue to work together with Helix in this endeavor.”
Helix Energy Solutions Group, Inc., 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 and robotics operations. Helix’s services are centered toward and well positioned to facilitate global energy transition by maximizing production of remaining oil and gas reserves, decommissioning end‐of‐life oil and gas fields, and supporting renewable energy developments.
Dynasty Energy Services is a global leader providing specialized fishing, single and multi-string section milling, and plug and abandonment service technologies. Dynasty’s proprietary Raptor and Predator section mills significantly reduce the cost and time of plug and abandonment operations, delivering our clients a definitive sealed permanent barrier. Dynasty has the most experienced and recognized team of experts in finding solutions to downhole challenges and currently holds numerous patents covering specialty tools and methods used in fishing, milling and abandonment operations.
For further information please contact:
Director, Sales and Marketing Dynasty Energy Services 3901 Hwy 90 E
New Iberia LA 70560 firstname.lastname@example.org