Petroleum Helicopters Wins Deepwater GoM Contract

Petroleum Helicopters was awarded a three-year contract with one two-year option to provide helicopter services for BHP Billiton in the U.S. Gulf of Mexico. The contract is for one new Sikorsky S-92 transport category aircraft and one new Sikorsky S-76C++ aircraft with options for additional aircraft. Financial terms of the transaction are proprietary and were not disclosed.

Al A. Gonsoulin, Chairman/CEO of PHI, said, "We are very pleased with this contract award by BHP Billiton. We believe the S-92 is rapidly becoming the aircraft of choice for deepwater applications. We at PHI appreciate the confidence shown by our customers in our capabilities to support their operations."