Bristow Group wins new contract in Brazil and North Sea (Scandinavian Oil-Gas Magazine)
Bristow Group wins new contract in Brazil and North Sea
Published Mar 24, 2010Bristow Group Inc., a leading provider of helicopter services to the offshore energy industry, has won four contracts for work in Brazil and the U.K. North Sea totaling in excess of $275 million over their initial five-year terms.
William E. Chiles, President and Chief Executive Officer, said, "These four international contracts will place two of our large and two of our medium new-technology aircraft under long-term contracts with key customers. We are particularly pleased with the work in Brazil, a part of the world we have been targeting for growth."
Lider Aviacao Holding S.A., a Brazilian affiliate in which Bristow owns a 42.5% interest, was awarded three new incremental five-year contracts by Petrobras for three large helicopters commencing on or before June 30, 2010. Lider will utilize its new S-92 aircraft and lease two S-92 aircraft from Bristow.