The uptick in Contract and Services revenues and operating results in Q1 was actually led by our subsequent construction business which saw a 94% gross full utilization in Q1. However our well intervention business also had an increased operating result from Q4. Despite the fact that the Q4, our Q4000 and our dry dock in early March and the Seawell went into dry dock in late March.Canyon, our Robotics business had a very active quarter utilizing 5 different stock market vessels at various times, during the quarter in addition to its four regular vessels in the long term charter. Our Oil and Gas production in the first quarter totaled 2 million barrels of oil equivalent, down from 2.2 million barrels of oil equivalent in Q4.
Helix Energy Solutions' CEO Discusses Q1 2012 Results - Earnings Call Transcript
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