Business

July 11, 2012

Bristow Group announces long term contracts for 20 large helicopters

Bristow Group Inc., a leading provider of helicopter services to the offshore energy industry, announced July 11 that it has secured several major new multi-year contracts for the provision of a total of 20 large aircraft that are expected to generate in excess of $2 billion in revenue.

 

In Europe, Bristow has been particularly successful with a number of wins including:

  • Extension of an existing contract in Norway for four S-92 large helicopters that is expected to start in September 2014 for a further seven-year term with the option for an additional five-year extension,
  • New contract award for the provision of Norway search and rescue (SAR) services using three new Eurocopter EC225 helicopters that is expected to commence in September 2014 for a period of five years with the option for an additional five-year extension, and
  • New contract award for one S-92 helicopter in the UK North Sea that commenced work in July 2012 and one EC225 helicopter that is scheduled to start work in August 2012 for a minimum of two years.

 

In Australia, INPEX has awarded Bristow a ten-year contract for up to six EC225 helicopters to support drilling, development and production operations on the Ichthys Project. INPEX also has an option to add a long term SAR aircraft. This new contract is scheduled to begin in 2014 and reinforces our long term commitment to the Australian market.

William E. Chiles, President and Chief Executive Officer, said, “We are very pleased with our recent commercial successes, which extend and enhance the pricing and terms of existing contracts and add new high-value long term contracts, for both crew change and SAR services. These contracts strengthen our position with key customers in several of our targeted growth areas. Our Client Promise initiative incorporating our unique Target Zero Accidents, Zero Downtime and Zero Complaints programs is becoming a clear differentiator in our industry, and we are pleased that our clients are recognizing the added-value of this initiative.”

In Brazil, Lider has been awarded five-year contracts by Petrobras for five Sikorsky S-92 large helicopters. One of these aircraft is leased to Lider by Bristow and is scheduled to start work in August 2012, and the remaining four aircraft are scheduled to commence work by April 2013.

“These multiple new contract awards with better pricing and terms than in the past are part of the increase in demand we predicted,” said Mark Duncan, senior vice president Commercial. “Our focus on providing clients the safest, most reliable and best service has positioned us well for further profitable growth as the market continues to strengthen.”




All of this week's top headlines to your email every Friday.


 
 

 

Headlines December 19, 2014

News: SpaceX’s attempt to land rocket on floating barge postponed - It’s set to be one of the most groundbreaking moments in humanity’s six decades of space exploration. Obama signs $1.1 trillion spending bill into law - President Obama signed the $1.1 trillion federal spending measure into law Dec. 16, officially ending any threat of a government...
 
 

News Briefs December 19, 2014

Trial set for ex-Navy engineer in military secrets case A former Navy civilian engineer is scheduled to stand trial next summer on charges of trying to steal aircraft carrier schematics. Media outlets report that 35-year-old Mostafa Awwad of Yorktown, Va., pleaded not guilty Dec. 17 to two counts of attempted exportation of defense articles and...
 
 
Army photograph by C. Todd Lopez

Army to launch cruise missile-detecting aerostat at Aberdeen Proving Ground

Army photograph by C. Todd Lopez The Army plans to launch an aerostat, part of the “Joint Land Attack Cruise Missile Defense Elevated Netted Sensor,” in late December 2014. The JLENS aerostat will be tethered to the...
 

 
Air Force photograph by SrA. Jordan Castelan

AF delivers Iraqi F-16s for training in US

Air Force photograph by SrA. Jordan Castelan Iraqi air force captain Hama conducts preflight inspections while inside a new to service Iraqi F-16 Fighting Falcon Dec. 17, 2014, located at the nearby Tucson International Airport...
 
 
Air Force photograph by SSgt. Derek VanHorn

Short-notice: A new way to exercise

Air Force photograph by SSgt. Derek VanHorn Airmen from Kadena Air Base, Japan, prepare for an aeromedical evacuation exercise on a KC-135 Stratotanker Dec. 5, 2014, at Misawa Air Base, Japan. The operation was executed in supp...
 
 
Lockheed Martin photograph by Andy Wolfe

Japan, Australia to provide F-35 maintenance sites in Pacific region

Lockheed Martin photograph by Andy Wolfe An F-35C Lightning II joint strike fighter carrier variant prepares to launch from the aircraft carrier USS Nimitz in the Pacific Ocean, Nov. 6, 2014. Japan and Australia will be sharing...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>