Norway: Bristow Wins Contract Extensions for its Offshore Helicopter Services

Bristow Group Inc.  a leading provider of helicopter services to the offshore energy industry, announced today that it has been awarded a renewal contract for work in Norway valued in excess of $167 million in revenue.

William E. Chiles, President and Chief Executive Officer, said, “Our recent success in renewing this long-term contract with a key customer reinforces our long-term commitment to the Norwegian market. It also demonstrates that customers value our differentiated service capabilities provided by our unique Target Zero programs with specific delivery focus on zero accidents, zero downtime, and zero complaints.”

The existing five-year contract was extended after a bid competition for another five-year term, which commences in early 2013, with the option to extend it for an additional three periods of one year each. Bristow will provide two dedicated Sikorsky S-92 large helicopters operating from its Sola base in Stavanger, Norway beginning in March 2013.

Source:Bristow Group , May 4, 2011; Image:Sikorsky

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