CHC Announces New Contract with Wintershall

CHC Group (OTC Pink Sheets: HELIQ) (the “Company” or “CHC”) today announced it has signed a new contract with Wintershall Norge AS (“Wintershall”), to provide helicopter services in support of their drilling program at the Maria Field in the Norwegian Sea on the Halten Terrace in blocks 6407/1 and 6406/3.

“We are excited to work with Wintershall as their aviation partner in this project,” said Arne Roland, CHC Regional Director for Nordic Countries, Eastern Europe, Caspian and Canada (NECC). “This project allows us continue to build on our decades of experience supporting oil and gas customers in the Norwegian Continental Shelf as we continue to evolve our services and technology to best meet their needs.”

The operation will begin in March 2017, flying from CHC's base in Kristiansund using a Sikorsky S-92, which has a proven safety and availability record, reaching more than one million fleet hours of service earlier in 2016.

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Wintershall’s drilling program is expected to last for an initial period of approximately 550 days and the contract includes an option to extend CHC’s services beyond this initial period.

“CHC is proud to continue a safe and reliable transportation offering to customers in and around the North Sea,” said Karl Fessenden, President and CEO of CHC Helicopter. “We look forward to helping Wintershall meet their transportation needs throughout this project and are eager to start flying on their behalf upon project commencement next year.”

Source: CHC Helicopter
Date: Dec 14, 2016