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Friday, June 29, 2007

CHC Wins $1 Billion in Contracts From Statoil

Statoil ASA of Norway has awarded CHC Helicopter two contracts valued at more than $1 billion for helicopter services in the Norwegian Sea. CHC said it believes the pair of contracts “represents the largest bundle of helicopter service contracts ever awarded.” The first is a five-year contract for five Sikorsky Aircraft S-92s and two Eurocopter EC225s to support Statoil’s offshore operations in Floroe, Norway (starting in June 2009) and Bergen, Norway (starting in 2010), as well as a back-up Eurocopter AS332L2 in Bergen. That contract includes options for up to four additional years. The second is a seven-year contract for two all-weather, search-and-rescue EC225s based at Statoil’s Statfjord field in the North Sea, and in Bergen as back up. It starts in March 2009 and includes options for up to four additional years.   For related news
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