Thanks, Erik.
we restate year, just thought would I what As does. begin it be appropriate new a Helix if we
model Helix since has focused been the specialty and the providing of aware, you're the of market, aspects oil support wind As gas late-life on XXXX, renewables business and the to energy. development offshore
result, a areas key in to we offer transition services energy focus. As X our
and maximizing production well intervention, existing access with life owning the that FPU, subsea new potential operating, enhancement drilling. marginal production This and First is management -- incorporates remain for avoiding and of out processing field services reserves our end end-of-life for contingency reservoir operating blow fields. with containment
P&A. and shallow subsea decommissioning, deepwater well is Second our pipelines facilities, offshore wells, of abandonment. This includes including water full field and abandonment
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to each position focused market we with areas with growth strategy remain ample where expertise have on of Our is a these and significant these opportunities efficiencies, within niches.
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an integrated required Helix including assets. engineering, abandonment, management offers service, For and all fuel planning,
we of water depths. and on these, of support depending For our diving both Robotics have
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these let's of for the look So segments. at market each outlook
have over done working is day come now, expected day drilling drill to rates, rig are indicated.
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compete U.K., year Brazil, have of acquisition, abandonment. the as the Abandonment, our complement Australia the increasing, the I a pressure from for things substantial a say Gulf, U.S. the EBITDA. bodies me the public Helix prior abandonment. both it's million of Shallow as the work of let and abandonment what to acquired we Alliance as generated part The of I've years few and Alliance, $XX is we would July all 'XX, as primary come.
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we in be large project that believe this certain that XXXX, the full abandonment there'll recapture and bankruptcy another Fieldwood XXXX in in million significantly is XXXX, Cox Cox, levels an the a of roughly market for EBITDA of a guide year, years occurred.
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We're in than to time
at less we take sustainable revenue entire few the a take competencies for to is chain, leverage some differentiated the of previously be is percentage growth or market such has along that than and our among wind clearance. the forecast from increased like only may costs for as a is contractors Helix -- canceled. point we're but technically and projects also believe to growth outlook. into burial it's always niches. our decreasing because growth a seeing seeing delayed achieve lines.
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deepwater is again, First, intervention.
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field water years, fully-integrated great contracting downturn that to It's requisite the Over perform shallow extent. community shallow of abandonment. rarely ownership a having water by the contractors the can assets populated collapsed
the and requisite ownership, also As through some will out supply come majors no largely back the manage teams in-house -- to bankruptcy -- reconstitute longer tender majors, the the work of manage -- they work flow chains. longer have successor their this the the to teams have do shelf and and to their properties but no their deco work in
work outsourced an to contract the consultants and management tender on basis. will others While project manage
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Helix contract, they the will all, Gulf of of all offer providing most, truly-integrated that managing assets methods. to the a simpler XXXX, abandonment a contractor all were
appears proposition cables, the backed this continuing as sustainable forecasted I'd efficient work and niche. in offshore were a strong we is than We years.
Helix we and on support. demand provide is and decades to this wind of global multiple offshore for expertise be we're is forecasting, Brazil but leader in it as delivering for growth Australia.
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to We have system be that's trencher one yet deployed.
actively We established began market also credibility quality, for removal. second boulder renewing this continued see to grab We've to an our operational capability We're and and also clearance. adding recently our and our XXXX, performance.
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our be outlook. prudent -- is as our few and progressive things me a longer-term market.
To strategy with close, impacting strength to Our to compared highlight let in growth XXXX this patient
seasonal year. XXXX. won't of could We which impact the First, full Sea certain the North market, XXXX, since the the can't has be summer throughout been a that to active market return
QXXXX SHX Second, through to improvement to have in and contracted for the vessels successfully QXXXX, All SHX multiple XXXX. do Brazil rates now significant in expect we The the don't expect for show come. X and XXXX. -- SHX we work years been should
estimated rates around which on SHX result, a negative on be in treatment million extended a for guidance impact $XX been Brazil million extended SHX. positive alone. impact is to our has included $XX for to close in XXXX the accounting SHX As The the blend somewhere we've charters the EBITDA, and to just XXXX, EBITDA charter an $X But million have to the of XXXX. of
past in APAC, for complete hand working under in XXXX. for expected the rates. rates, of are has resulting APAC been over The legacy new XXXX a all legacy QXXXX of in to rates the is, course its work the The loss year, point contracts mixture XXXX. Third a and actually vessel at in
We expect of vessel range The better well U.S. should improvement even for another as EBITDA million, rate increase the strong market our meaningful be intervention the its our Well there.
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successful in in to footprint, expanding our services remains there, Over we the past years, we're geographic and and West our establishing on it's credibility maintain. for we'd like few Africa. a Demand our focused market strong
in multi to improved of this elsewhere, contracted Nigeria take and XXXX. work and decision performed as Mexico division be will much to primarily a return Ops for Well terms year to rates U.S. through the the the begin U.S. will QXXXX. work in with of better Nigeria, Nigeria the of August, because we Gulf QXXXX an result the -- scheduled The Ops a The even its in then anticipated the made With is transit QXXXX Well contract is and report in
us.
Fifth has been rates point is the where have to So strong recently, while the They a the in take one good it's do XXXX for Mexico Robotics. 'XX. to us and XXXX. Gulf was terms of be We market this opportunity again in and have that that year in should could had idle a great deployed trencher we and 'XX expect continue go
is market market.
Sixth point We Gulf XXXX repeat expecting -- have also Shallow the the in overperformance of for and Abandonment of the that XXXX. to offering startup reasons I've I our Mexico UXO not covered have for the
by offset but the in Gulf and growth the our on established believe earlier, Water of just gave for the the Our 'XX.
And ] to we in Shallow again all which as of consistent Mexico, for a possibility of mentioned XXXX we're U.S. come.
In TELUS XXXX, just We're shelf their existing assets other the operating for primarily business X-year repeating summary, with for establishes we guidance this we initial leverage. requirements, on strength our groups. a 'XX, Abandonment joint [ based with expectations years stellar agreement pullback of the with for offshore I XXXX for expecting foundation are in recently decommissioning anticipating more X-year work than meaningful further the frame
are earn-out would of As payment million significantly we recognized Abandonment Shallow noise without in accounting and losses acquisition. payment XXXX, notes We'll be have P&L refinancing earn-out I completing outstanding. for the related redemption final Alliance still efforts, been In the the acquisition higher to earnings. result related we'll which convertible to our and mentioned of XXXX making earlier, a $XX Water in we for remaining the that the have as the some of
meaningfully ourselves with enjoying free operating be have sheet, be have leverage -- strong positive. existing from opportunities. assets the a and should we this, Helix growth to existing cash balance Following many positioned market from flow
Erik. it, that's So
