Helix Energy Solutions Group, Inc. (NYSE:HLX) acquired the operating depths associated with the Droshky Prospect on Green Canyon Block 244, along with the related infrastructure from Marathon Oil Corporation (NYSE:MRO) on January 21, 2019. Helix Energy Solutions Group, Inc. will perform the required plug and abandonment operations for which Marathon Oil Corporation will pay certain agreed upon amounts. The principal driver for this transaction is asset utilization and Helix Energy Solutions Group, Inc. may also earn some revenues.

Helix Energy Solutions Group, Inc. (NYSE:HLX) completed the acquisition of the operating depths associated with the Droshky Prospect on Green Canyon Block 244, along with the related infrastructure from Marathon Oil Corporation (NYSE:MRO) on January 21, 2019.