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Helix could get some production revenue in Marathon deal

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Helix Energy Solutions Group acquired certain operating depths in the Gulf of Mexico from Marathon Oil Corp. as the services company looks for novel ways to outlast the offshore slump. Under the transaction for part of the Droshky prospect on Green Canyon block 244 and about 30 miles of pipeline, Marathon agreed to pay Helix an undisclosed sum for performing the required plug and abandonment operations.“This transaction represents the first instance of executing our......
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