Statoil secures offshore Norway flights

Statoil (OSE:STL, NYSE:STO) has awarded CHC Helikopter Service three new helicopter contracts with a total estimated value of $824 million for flights covering the Norwegian continental shelf.

Offshore staff

STAVANGER, Norway – Statoil (OSE:STL, NYSE:STO) has awarded CHC Helikopter Service three new helicopter contracts with a total estimated value of $824 million for flights covering the Norwegian continental shelf.

These take in offshore flights from Kristiansund and Brønnøysund, and a search and rescue helicopter stationed on the Heidrun platform in the Norwegian Sea.

Statoil requires four transport service helicopters in Kristiansund, two in Brønnøysund, one search and rescue helicopter on Heidrun, and a replacement helicopter for the rescue helicopter, initially stationed in Brønnøysund.

The Kristiansund contract lasts for five years and seven months, starting July 1, 2014. The Brønnøysund and Heidrun are each for five years, starting on Feb. 1, 2015. All three contracts are extendable by up to three years.

Statoil has reserved the right to adjust the number of helicopters during the contract period. It will also have the flexibility of moving helicopters between the bases, both in the region, the rest of Norway, and possibly internationally.

Four of the helicopters are Sikorsky S92 models. Three are Eurocopter EC225s and one is a Eurocopter L1 search and rescue helicopter. All of the aircraft will be upgraded to comply with the latest standards before the contracts begin.

Flights from Kristiansund will be to facilities including Heidrun, Åsgard A, B, and C, Kristin, and Njord. Flights from Brønnøysund will take in the Norne complex.

7/24/2012

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