Mr Tripodo will replace Wade Pursell, who will be stepping down as executive vice president and CFO, effective June 25, 2008.

Mr Tripodo is currently the executive vice president and CFO of US-based drilling services provider Tesco, and has over 28 years of experience, including various executive positions, in the energy industry. Mr Tripodo, who has served on Helix’s board of directors since 2003, will resign from the board.

Owen Kratz, president and CEO of Helix, said: We welcome Tony to management of Helix, and look forward to working with him in his new capacity. Tony brings with him a breadth of company as well as industry experience. We believe that Tony’s experience, expertise, and knowledge of our company from his five years of service on our board will make him an important contributor to Helix.