Hornbeck Offshore Enters Into Multiple Deepwater Services Agreements

The riser-based well intervention vessel and support vessel have five-year contracts, with operations scheduled to start in 2027.

Rhea-AI Summary

Hornbeck Offshore Services (HOS) entered into multiple agreements with Shell Offshore to provide deepwater services in the U.S. Gulf of America.

Services include well intervention, stimulation support and marine transportation. Operations are scheduled to begin in 2027, with the riser-based well intervention vessel and support vessel contracted for five years. Hornbeck expects to deploy intervention, multi-purpose support and offshore supply vessels.

3 points · 0 major

PositiveiHow this balance works

How this balance works

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0 major · 0 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointMultiple agreements with Shell Offshore cover deepwater services in the U.S. Gulf of America.
• Minor pointFive-year contracts cover the riser-based well intervention vessel and support vessel.
• Minor point. Forward-looking: it has not happened yet and may not happen.Operations scheduled for 2027 include expected deployment of intervention, multi-purpose support and offshore supply vessels.

Negative

• None.

Key Figures

Scheduled operations start: 2027 Contract term: Five years

Scheduled operations start

2027

Under the Shell agreements

Contract term

Five years

Riser-based Well Intervention Vessel and support vessel

Key Terms

remotely operated vehicles (rovs), jones act-compliant

2 terms

remotely operated vehicles (rovs) technical

"Remotely Operated Vehicles (ROVs), Project Management and Engineering services"

Remotely operated vehicles (ROVs) are unmanned machines controlled from a distance that perform tasks in environments that are dangerous, remote, or hard to reach—commonly underwater but also in space, mines, or disaster zones. For investors, ROVs matter because they can lower operating costs, reduce safety risks, and create demand for specialized services and equipment, much like a robotic extension of a worker that lets companies do work faster, safer, and in places people cannot go.

jones act-compliant regulatory

"Deepwater Jones Act-compliant Offshore Supply Vessel(s)"

A vessel or operation that meets the U.S. Jones Act’s requirements is built, registered, owned and crewed by U.S. interests so it can legally move goods or passengers between U.S. ports. For investors, Jones Act compliance matters because it restricts which ships and companies can serve domestic routes, often raising costs, limiting competition, and creating regulatory barriers that affect revenue, asset value and market access.

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HOUSTON and COVINGTON, La., Nov. 2, 2026 /PRNewswire/ -- Hornbeck Offshore Services, Inc. ("Hornbeck") (NYSE: HOS), a premier integrated offshore services company, today announced that it has entered into multiple agreements with Shell Offshore Inc. ("Shell") to provide services in the U.S. Gulf of America.  Under these agreements, Hornbeck will provide a comprehensive range of integrated deepwater services including riser based well intervention, riserless well intervention stimulation support, and marine transportation.

In furtherance of the agreements, Hornbeck expects to deploy:

a. A technologically advanced riser-based Well Intervention Vessel combined with an Intervention Riser System (IRS), Remotely Operated        Vehicles (ROVs), Project Management and Engineering services.

b. A high-specification Multi-Purpose Support Vessel combined with ROVs, Project Management and Engineering services.

c. Deepwater Jones Act-compliant Offshore Supply Vessel(s) supporting the Well Intervention and Multi-Purpose Support Vessel.

Operations are scheduled to commence in 2027, with the riser based Well Intervention Vessel and support vessel contracted for five years.

Todd M. Hornbeck, Hornbeck's President and CEO commented, "We are excited to expand our longstanding relationship with Shell.  We look forward to delivering integrated services through a unique combination of high-specification assets in the deepwater basins of the U.S. Gulf of America.  This exemplifies the breadth and depth of what the complementary combination of Hornbeck Offshore and Helix Energy Solutions can now deliver to the market."

About Hornbeck Offshore Services 

Hornbeck is a global offshore services leader, providing innovative and integrated marine and subsea solutions to customers across the deepwater oilfield, defense, and renewables industries.

Cautionary Note Regarding Forward-Looking Statements 

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of present or historical fact included in this press release are forward-looking statements. Words such as "anticipate," "believe," "expect," "intend," "may," "plan," "project," "should," "will" and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these identifying words, and the absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements include, but are not limited to, statements regarding: the agreements, the equipment and services thereunder and the parties thereto. Forward looking statements are based on current expectations and assumptions and involve known and unknown risks, uncertainties and other important factors, many of which are beyond the company's control, including, but not limited to, risks related to actions by governments, regulatory authorities, customers, suppliers and partners; market conditions; demand for services; the performance of contracts by suppliers, customers and partners; operating hazards and delays, which includes delays in delivery, chartering or customer acceptance of assets or terms of their acceptance; complexities of global political and economic developments; the impact of general economic conditions, including inflation, on economic activity and on the company's operations; the general volatility of oil and natural gas prices and cyclicality of the oil and gas industry; and other risks described from time to time in the company's filings with the SEC. Forward-looking statements speak only as of the date they are made. The forward-looking statements in this press release are based upon information available to the company as of the date of this press release and, while the company believes such information forms a reasonable basis for such statements, these statements are inherently uncertain, and you are cautioned not to unduly rely upon these statements. Actual outcomes may vary materially from those described in these statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the company's filings with the SEC. The company does not undertake, and specifically disclaims, any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of such statements, other than as may be required by applicable law or regulation.

Contacts:

Potter Adams
Executive Vice President and CFO
985-727-6815
ir@hornbeckoffshore.com

Ken Dennard / Alex Harp
Dennard Lascar Investor Relations
713-529-6600
HOS@dennardlascar.com

View original content:https://www.prnewswire.com/news-releases/hornbeck-offshore-enters-into-multiple-deepwater-services-agreements-302925980.html

SOURCE Hornbeck Offshore Services, Inc.

FAQ

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When do Hornbeck Offshore's Shell services begin, and how long are the vessel contracts?

Operations are scheduled to commence in 2027, with the riser-based well intervention vessel and support vessel contracted for five years.