CHC Wins $34 Million Contract in North Sea

CHC Helicopter's European operating division has been awarded a new three-year contract (plus a two-year option) in the North Sea for the provision of offshore helicopter flight hours from its pool of Super Puma AS332L aircraft.

This new contract, awarded as a result of a combined tender consisting of Eni UK Limited, BG Group, and ConocoPhillips Petroleum Company UK Ltd. will commence February 1, 2004, from CHC's base in Aberdeen, Scotland. Anticipated revenue from the contract is estimated at approximately CDN $34 million over the initial three-year period.