Offshore Logistics Names William Chiles President & CEO

Offshore Logistics, Inc. announces that William E. Chiles has been elected the Company's President and Chief Executive Officer, effective July 15, 2004, replacing George M. Small, who, earlier this year, indicated his intention to retire from active management. Mr. Chiles has also been appointed as a member of the Board of Directors. Mr. Small will remain with the Company for six months in order to provide for a smooth leadership transition.

Mr. Chiles has been a prominent figure in the oil service industry for over thirty years, serving most recently as Executive Vice President and Chief Operating Officer of Grey Wolf, Inc., a major onshore oil and gas drilling company. Mr. Chiles previously served as President, CEO and Director of Chiles Offshore, Inc. a publicly listed company that he co-founded in 1997 and that was merged into ENSCO International in 2002. Mr. Chiles has had a highly successful career in the worldwide offshore drilling business that began in 1972 with Western Oceanic, Inc.

Kenneth M. Jones, Chairman of the Board of Directors of Offshore Logistics commented, "We are very pleased to have the opportunity to bring Bill Chiles on board as our new CEO. We believe that his extensive experience in the worldwide offshore drilling business will be an invaluable asset to our Company as we continue to broaden our operations and extend our reach in important international markets. Bill's proven ability as a hands-on manager and organizational leader will serve the Company well as we continue to move forward."

Mr. Chiles stated, "I am very pleased to have this opportunity to be part of the Offshore Logistics team and to continue to build on the success of the Company under George's leadership. I hope that my experience and perspective will bring additional value to the Company, and I am excited about the future opportunities for continued growth and diversification of our worldwide operations."