CHC awarded new contracts in North Sea
12 Mayo 2006 - 9:10AM
PR Newswire (US)
VANCOUVER, May 12 /PRNewswire-FirstCall/ -- CHC Helicopter
Corporation ("CHC") (TSX: FLY.SV.A and FLY.MV.B; NYSE: FLI)
announced today that it has been awarded three new contracts by
Statoil for the provision of helicopter services in the Norwegian
Sea as follows: 1. A three-year contract for the provision of two
Eurocopter AS332L2 in support of Statoil's offshore operations
based out of Stavanger, Norway. 2. A five-year contract for the
provision of one Sikorsky S-92 and one Eurocopter AS332L in support
of Statoil's offshore operations out of Bronnoysund, Norway. 3. A
five year contract for the provision of one all-weather Search and
Rescue Eurocopter AS332L at Statoil's Heidrun field in the
Norwegian Sea. The Bronnoysund and Heidrun contracts will be
backed-up by one Eurocopter AS332L from the CHC base in
Kristiansund, Norway. All contracts commence in the first half of
2007 and include options for up to three additional years. The
contracts are anticipated to generate incremental revenue of
approximately CDN $200 million over the fixed terms of the
contracts. 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 around
the world. For enquiries, please contact: Rick Davis, CA Acting
Chief Financial Officer 604-279-2471 Chris Flanagan Director of
Communications 604-279-2493
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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. Actual revenue generated over the term
of the Statoil contracts will depend upon hours flown, which may
vary at the customer's discretion; the actual term of the contract,
which is subject to early termination by the customer; and to
contract obligations which are subject to certain penalties in the
event they are not fulfilled. While these projections and other
statements represent our best current judgement, 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.
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DATASOURCE: CHC Helicopter Corporation CONTACT: Rick Davis, CA,
Acting Chief Financial Officer, (604) 279-2471; Chris Flanagan,
Director of Communications, (604) 279-2493; Archived images on this
organization are searchable through CNW Photo Archive website at
http://photos.newswire.ca/. Images are free to accredited members
of the media. To request a free copy of this organization's annual
report, please go to http://www.newswire.ca/ and click on Tools for
Investors.
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