CHC Awarded Expanded Contract Renewal in North Sea

CHC Helicopter's subsidiary, Schreiner Northsea Helicopters, has signed a new five-year contract renewal (plus two one-year options) with Total E&P Nederland/Wintershall Noordzee/Petro-Canada Netherlands for the provision of two EC155B1 and two AB139 aircraft to provide offshore transportation services to oil and gas fields in the Dutch sector of the North Sea. The value of the contract is estimated at CDN$125 million over the five-year fixed term.

Under the terms of the contract, these four new aircraft will be introduced in 2006, replacing three Sikorsky S76B aircraft and one Sikorsky S-61N.

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