Norsk Helikopter Wins Two New Contracts

Norsk Helikopter increases the number of staff and buys more new helicopters after the company has been awarded two new contracts worth a total of NOK 1.3 billion.

ConocoPhillips has signed a letter of intent with Norsk Helikopter AS for all offshore transportation services between Sola and Ekofisk. The contracts will commence on 1st September 2006 and has duration of 5 years with a further 3 years option. The contract has a total value of NOK 730 million for the 5-year period. The flying will be carried out with two new Sikorsky S-92A which will be delivered in June/July 2006.

BP and Talisman has signed a letter of intent with Norsk Helikopter for all offshore transportation services between Sola and the fields Valhall, Ula, Gyda and Petrojarl Varg. The contracts will commence on 1st January 2006 and has duration of 5 years with a further 3 years option. The contracts have a total value of NOK 560 million for the 5-year period. The flying will be carried out with one new Sikorsky S-92A which will be delivered in December 2005 according to plan.

Both contracts will allow the use of additional capacity from the company's fleet of AS332 L2 Super Puma helicopters. The two contracts will result in Norsk Helikopter expanding the company's number of staff with approx. 30 new positions, the main category of new personnel being pilots and technicians.

The contracts entail that Norsk Helikopter will increase its fleet of new Sikorsky S-92A helicopters with three new aircrafts to a total of five Sikorsky flagships.

'Norsk Helikopter was the first operator in Europe to start offshore operations with two Sikorsky S-92A in February and March 2005. These two helicopters have so far produced almost 1000 flight hours and have for the most part complied with our requirements for utilization and efficiency. It is therefore a pleasure to offer new Sikorsky S-92A helicopters to the many passengers of ConocoPhillips, BP, and Talisman, with Sikorsky S-92A representing the new generation of helicopters with modern comfort, long range and increased safety,' Commercial Director of Norsk Helikopter, Geir Tynning, says.

Norsk Helikopter already holds long-term contracts with Statoil, Total E&P and Exxon Mobil. Norsk Helikopter has its head office at Sola and in addition bases at Flesland, Bronnoysund, Hammerfest, Frigg QP and Heidrun.

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