1. Statoil has extended their contract with CHC for the support of Statoil's offshore operations (based out of Kristiansund) for five years, starting 1 July 2009. The current operation out of Kristiansund is with one Sikorsky S-92, one Eurocopter AS332L2 and one Eurocopter AS332L1. From July 2009 two Sikorsky S-92 helicopters and one Eurocopter EC225 will replace these helicopters. This contract is anticipated to generate up to $170 million (all figures in Canadian dollars) over the five-year extension period.
2. CHC will also provide a mixture of S76B and S61N services to GDF Production Nederland B.V. in Den Helder, for an additional five-year period. The contract was renewed in June 2007 and is expected to generate revenue of approximately $55 million over the five-year extension period.
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