Offshore Logistics Awarded Contract

Offshore Logistics, Inc., announced that its wholly owned subsidiary, Air Logistics, L.L.C., was awarded a five-year renewal of its contract with the Office of Aircraft Services to provide all of the helicopter flight support for the Minerals Management Service and U.S. Coast Guard in the Gulf of Mexico. The contract renews on October 1, 2001, requiring seventeen (17) helicopters at seven bases and will generate revenues in excess of $70 million over its term. Air Logistics has provided support to the MMS and Coast Guard since February 1996.