CHC Helicopter Corporation

CHC Helicopter Corporation

July 08, 2005 09:30 ET

CHC Awarded New Contracts and Contract Extensions in North Sea

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 8, 2005) - CHC Helicopter Corporation ("CHC") (TSX:FLY.SV.A)(TSX:FLY.MV.B)(NYSE:FLI) has today signed a new five-year contract, plus two two-year options, with Nexen Petroleum U.K. Limited for the provision of helicopter services in support of Nexen's UK Central and Northern North Sea operations. The service, including support for the Buzzard field hook up and commissioning, will utilize a dedicated Super Puma AS332L, plus AS332L flight hours from the CHC pool of aircraft. This contract was awarded after a competitive bid process and represents new work for CHC commencing September 1, 2005.

CHC has also been awarded a new two-year contract, plus three one-year options, by The Peak Group, for the provision of helicopter services from CHC's pool of Super Puma aircraft in support of drilling programs in the Southern and Northern North Sea. The contract is valued at approximately $2 million per annum.

In addition, CHC announces the following contract extensions:

The Irish Department of Communications, the Marine and Natural Resources (Irish Coast Guard) has extended contracts for the provision of emergency Search and Rescue helicopter services at Dublin, Sligo and Shannon until June 30, 2007.

Maersk Olie og Gas AS has exercised an option to extend until June 30, 2006 a contract for the provision of Super Puma helicopter services in the Danish sector of the North Sea.

Kerr-McGee has exercised an option to extend for one additional year a contract for the provision of one dedicated Super Puma Mk2 based in Aberdeen, Scotland.

CHC Helicopter Corporation is the world's largest provider of helicopter services to the global offshore oil and gas industry, with aircraft operating in more than 30 countries worldwide.

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Contact Information

  • CHC Helicopter Corporation
    Jo Mark Zurel
    Senior Vice-President And Chief Financial Officer
    (604) 276-7500

    CHC Helicopter Corporation
    Chris Flanagan
    Director of Communications
    (604) 279-2493 or (604) 340-7659