CHC Secures Contract Extension in Norwegian North Sea

CHC Helicopter Corporation has secured a two-year contract extension with BP to provide sole-use services of a Super Puma AS332L2 helicopter and further support from CHC's Super Puma fleet in Stavanger. The service will support BP's production and drilling operations in the Valhall, Ula and Gyda fields off Norway.

The contract extension, which begins June 1, 2003, will generate revenues to CHC of $42 million over the contract term.