CHC to Deploy an Additional SAR EC225 in the North Sea
15 Novembro 2007 - 10:22PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX: FLY.A)(TSX: FLY.B)(NYSE: FLI)
announced today it has secured a contract renewal and upgrade with
StatoilHydro ASA ("StatoilHydro") for the provision of one
Eurocopter EC225 all-weather search and rescue helicopter in
support of StatoilHydro's offshore operations in the North Sea.
The helicopter will be based at StatoilHydro's Oseberg field and
is an addition to the contract awarded in June 2007, in which CHC
agreed to provide two EC225 all-weather search and rescue
helicopters. The 7.5 year contract term will commence in October
2008, with additional options for up to four years.
CHC currently operates one all-weather search and rescue
Eurocopter AS332L1 for StatoilHydro's Oseberg field. The AS332L1
currently operating will continue to operate as part of this new
agreement, until the new EC225 arrives in late 2009. At that time,
CHC will operate a total of three all-weather search and rescue
EC225s for StatoilHydro in Norway.
This contract extension and upgrade is valued at approximately
$115 million (all figures in Canadian dollars) over the contract
term (excluding option periods).
CHC 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.
Forward Looking Statements
Statements in this press release contain projections and other
forward-looking statements involving known and unknown risks and
uncertainties which may cause our performance to be materially
different from that implied. While these projections and other
statements represent our best current judgment, they may involve
additional risks and uncertainties including, but not limited to,
factors detailed in CHC's Annual Report on Form 20-F and in other
filings with the United States SEC and the Canadian securities
regulatory authorities. Unless otherwise required by applicable
securities laws, CHC disclaims any intention or obligation to
update or revise any forward looking information, whether as a
result of new information, future events or otherwise.
If you wish to be added to CHC's news distribution list, please
visit: http://www.chc.ca/investor_materialrequest.php
Contacts: CHC Helicopter Corporation Rick Davis Senior Vice
President and Chief Financial Officer (604) 279-2471 or (778)
999-0314 Website: www.chc.ca
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