Bristow offshore contracts
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From: Norway
Bristow offshore contracts
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.
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.
Joined: Jul 2006
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From: The Netherlands
North Sea News
Bristow Secures £Multi-Million North Sea Contract With IAC
Congratulations to Bristow.
Bristow Helicopters Ltd has secured a £multi-million five year deal with the Integrated Aviation Consortium (IAC) in the UK North Sea. The IAC comprises six major oil companies: BP, CNR International, Fairfield Energy, Petrofac, Shell and TAQA. The contract was renewed for a five year term with the option to extend for an additional five years.
The agreement sees Bristow appointed as lead management contractor to provide helicopter services from Scatsta Airport in the Shetland Islands to the East and West Shetland Basins. As part of the contract, Bristow is also responsible for airport management and fixed wing services.
Mike Imlach, Bristow's Director of European Operations said: "The IAC contract is the largest held by Bristow's European Business Unit and one of the company's largest global agreements. Securing a major client such as this for a further five years is a major coup for Bristow and testament to the quality of service that we provide.
"The provision of an integrated package, which offers a single point of contact for helicopter, fixed wing and airport management services, has proved to be attractive and beneficial to operators. Bristow plans to further build on initiatives such as these as part of its ongoing growth strategy and dedication to providing a quality and reliable service."
As part of the agreement Bristow will fly approximately 6,500 hours annually, via 400 helicopter flights per month, and the operation will move more than 100,000 passengers per year.
Eastern Airways has partnered with Bristow to provide fixed wing flights on behalf of the IAC.
Richard Lake, Eastern Airways managing director, said: "We are very pleased to have been awarded this important contract for the IAC. We have developed an excellent partnership with Bristow Helicopters and the IAC since stepping in to support the operation in December 2008. This confirms Eastern Airways' position as the leading fixed-wing supplier to the European offshore industry."
Serco Defence, Science and Nuclear will continue to work with Bristow to provide facilities at Scatsta Airport for the consortium. Andrew White, Chief Executive of Serco's Defence, Science and Nuclear business, commented: "This is a fantastic opportunity for us to further demonstrate our full range of regulated aviation services. We are looking forward to working alongside BHL to ensure the provision of safe, timely and cost-effective airport services for the oil company consortium. As the incumbent provider at Scatsta Airport, this achievement pays testament to the fact that we are never complacent about our commitment to safely providing quality aviation services, always looking for new and innovative ways of improving our offering."
Bristow has been a key player in the IAC, providing services since 1994. In addition, six new technology S92 aircraft have been introduced into the operation since 2006.
The agreement sees Bristow appointed as lead management contractor to provide helicopter services from Scatsta Airport in the Shetland Islands to the East and West Shetland Basins. As part of the contract, Bristow is also responsible for airport management and fixed wing services.
Mike Imlach, Bristow's Director of European Operations said: "The IAC contract is the largest held by Bristow's European Business Unit and one of the company's largest global agreements. Securing a major client such as this for a further five years is a major coup for Bristow and testament to the quality of service that we provide.
"The provision of an integrated package, which offers a single point of contact for helicopter, fixed wing and airport management services, has proved to be attractive and beneficial to operators. Bristow plans to further build on initiatives such as these as part of its ongoing growth strategy and dedication to providing a quality and reliable service."
As part of the agreement Bristow will fly approximately 6,500 hours annually, via 400 helicopter flights per month, and the operation will move more than 100,000 passengers per year.
Eastern Airways has partnered with Bristow to provide fixed wing flights on behalf of the IAC.
Richard Lake, Eastern Airways managing director, said: "We are very pleased to have been awarded this important contract for the IAC. We have developed an excellent partnership with Bristow Helicopters and the IAC since stepping in to support the operation in December 2008. This confirms Eastern Airways' position as the leading fixed-wing supplier to the European offshore industry."
Serco Defence, Science and Nuclear will continue to work with Bristow to provide facilities at Scatsta Airport for the consortium. Andrew White, Chief Executive of Serco's Defence, Science and Nuclear business, commented: "This is a fantastic opportunity for us to further demonstrate our full range of regulated aviation services. We are looking forward to working alongside BHL to ensure the provision of safe, timely and cost-effective airport services for the oil company consortium. As the incumbent provider at Scatsta Airport, this achievement pays testament to the fact that we are never complacent about our commitment to safely providing quality aviation services, always looking for new and innovative ways of improving our offering."
Bristow has been a key player in the IAC, providing services since 1994. In addition, six new technology S92 aircraft have been introduced into the operation since 2006.
Joined: Jun 2010
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From: Goodwood, Sussex, UK
Wind of Change for Bristow
October 22, 2010
Bristow Helicopters Ltd (Bristow) has announced its entry into the renewable energy market with the launch of a new range of flexible services.
The move makes Bristow the first global helicopter operator to offer a dedicated service to the international offshore wind farm sector.
The global aviation company has developed a number of unique commercial packages for supplying helicopter access services to meet the varying needs of wind farm operators all over the world. These include sole use, consortium and pay as you use.
Scott Butler, Bristow's European Commercial Manager said: "Bristow was the first helicopter operator to be active in the North Sea oil and gas sector and has provided aviation support to the industry for more than 40 years. We are now looking to build on that reputation by being one of the first to service the offshore wind industry.
"We have used our extensive expertise to develop a safe, flexible and cost effective method of helicopter access. We are also working closely with wind turbine manufacturers and wind farm operators to ensure helicopter access is considered when designing and operating turbines and substations.
"Entering the offshore wind sector is part of our ongoing growth strategy and in years to come will undoubtedly prove to be as vital as the oil and gas market."
Bristow provides wind farm operators with personnel transfer (crew change and winch to work), freight transportation, aerial observations, rescue operations and winch to work training.
The winching process is extremely safe and controlled with personnel being lowered from just 10ft above the turbine nacelle platform. Delivering the engineers directly onto the platform saves a slow and difficult climb from a vessel up the turbine tower, and there is no loss of man hours due to sea sickness.
Scott continues: "It's not just people who we can transport by helicopter, the underslinging of up to three tonnes of freight is also well within our capabilities and likely to feature as a major component in our overall scope of works."
The helicopter looks set to become the mainstay mode of people transfer, mirroring its position as the tried and tested lifeline of the offshore oil and gas industry. In an average year several hundred thousand people are transferred by helicopter to offshore oil and gas installations in the UK North Sea.
The EU renewables target is to source 20% of Europe's energy from renewable sources by 2020. Offshore wind energy is expected to provide a large share of renewable electricity, generated by wind turbines.
A Round 3 wind farm can have as many as 1,500 turbines with each turbine requiring between five and 10 visits per annum, that equates to approximately 20 - 40 visits to the wind farm field per day.
Founded in 1953, Bristow Helicopters Ltd has numerous bases around the world. The company has 3500 employees and boasts a varied fleet of approximately 600 aircraft.
October 22, 2010
Bristow Helicopters Ltd (Bristow) has announced its entry into the renewable energy market with the launch of a new range of flexible services.
The move makes Bristow the first global helicopter operator to offer a dedicated service to the international offshore wind farm sector.
The global aviation company has developed a number of unique commercial packages for supplying helicopter access services to meet the varying needs of wind farm operators all over the world. These include sole use, consortium and pay as you use.
Scott Butler, Bristow's European Commercial Manager said: "Bristow was the first helicopter operator to be active in the North Sea oil and gas sector and has provided aviation support to the industry for more than 40 years. We are now looking to build on that reputation by being one of the first to service the offshore wind industry.
"We have used our extensive expertise to develop a safe, flexible and cost effective method of helicopter access. We are also working closely with wind turbine manufacturers and wind farm operators to ensure helicopter access is considered when designing and operating turbines and substations.
"Entering the offshore wind sector is part of our ongoing growth strategy and in years to come will undoubtedly prove to be as vital as the oil and gas market."
Bristow provides wind farm operators with personnel transfer (crew change and winch to work), freight transportation, aerial observations, rescue operations and winch to work training.
The winching process is extremely safe and controlled with personnel being lowered from just 10ft above the turbine nacelle platform. Delivering the engineers directly onto the platform saves a slow and difficult climb from a vessel up the turbine tower, and there is no loss of man hours due to sea sickness.
Scott continues: "It's not just people who we can transport by helicopter, the underslinging of up to three tonnes of freight is also well within our capabilities and likely to feature as a major component in our overall scope of works."
The helicopter looks set to become the mainstay mode of people transfer, mirroring its position as the tried and tested lifeline of the offshore oil and gas industry. In an average year several hundred thousand people are transferred by helicopter to offshore oil and gas installations in the UK North Sea.
The EU renewables target is to source 20% of Europe's energy from renewable sources by 2020. Offshore wind energy is expected to provide a large share of renewable electricity, generated by wind turbines.
A Round 3 wind farm can have as many as 1,500 turbines with each turbine requiring between five and 10 visits per annum, that equates to approximately 20 - 40 visits to the wind farm field per day.
Founded in 1953, Bristow Helicopters Ltd has numerous bases around the world. The company has 3500 employees and boasts a varied fleet of approximately 600 aircraft.
Joined: Jun 2010
Posts: 264
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From: Goodwood, Sussex, UK
$375M credit facility for Bristow
1st Dec 2010
Bristow Group Inc. (NYSE: BRS) announced today that it has entered into a $375 million senior secured credit facility, replacing the Company’s existing bank credit facilities and providing funds to redeem a portion of Bristow’s senior notes.
The new credit facility includes a five-year, $175 million revolving credit facility and a five-year, $200 million term loan. The term loan will be used to redeem the Company’s $230 million, 6 1/8% senior notes due 2013 on December 23, 2010. The revolving credit facility, which represents a $75 million increase in corporate liquidity, increases strategic and financial flexibility and will be used for general corporate purposes, including working capital. It is anticipated that the Company also will draw on the new $175 million revolver to fund the remaining portion of the redemption of the 6 1/8% senior notes.
“We are committed to lowering our cost of capital and improving our financial performance in order to create superior value for all our stakeholders. This new credit facility is just one step toward achieving that goal,” said William E. Chiles, Bristow’s President and Chief Executive Officer. “We expect this new facility to support our strategic and growth initiatives going forward, while improving overall liquidity.”
1st Dec 2010
Bristow Group Inc. (NYSE: BRS) announced today that it has entered into a $375 million senior secured credit facility, replacing the Company’s existing bank credit facilities and providing funds to redeem a portion of Bristow’s senior notes.
The new credit facility includes a five-year, $175 million revolving credit facility and a five-year, $200 million term loan. The term loan will be used to redeem the Company’s $230 million, 6 1/8% senior notes due 2013 on December 23, 2010. The revolving credit facility, which represents a $75 million increase in corporate liquidity, increases strategic and financial flexibility and will be used for general corporate purposes, including working capital. It is anticipated that the Company also will draw on the new $175 million revolver to fund the remaining portion of the redemption of the 6 1/8% senior notes.
“We are committed to lowering our cost of capital and improving our financial performance in order to create superior value for all our stakeholders. This new credit facility is just one step toward achieving that goal,” said William E. Chiles, Bristow’s President and Chief Executive Officer. “We expect this new facility to support our strategic and growth initiatives going forward, while improving overall liquidity.”
Joined: Jun 2000
Aviation Qualifications: ATPL
Posts: 252
Likes: 5
From: Norwich
Sad to lose the Britannia. Together with the Alba, Bristow have held those contracts for years and always had an excellent working relationship from a Pilot / Platform point of view. Its a shame the business relationship hasn't been so good - There have been rumblings of this for a while.
Joined: Dec 2000
Posts: 1,669
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From: uk
Who has won the contract?
Would TUPE apply?
I bet those facing redundancy are wondering why Bristow agreed to employ all those CHC pilots at Humberside.
Would TUPE apply?
I bet those facing redundancy are wondering why Bristow agreed to employ all those CHC pilots at Humberside.
well TUPE was applied in the Humberside case, and if i'm not mistaken, that was back in september, and, they needed pilots to service that contract when they were going to be short of pilots, so, unless Bristows have the ability to read the future? hmmm.
Also, a number of captains from Norwich are still working out of Humberside.
I have trouble believing that a/ the unions haven't had any input, and b/ bristow won't have looked at other possibilities. Maybe the people being made redundant don't wish to re-locate?
More to this than is being said here I think.
Toroidal Vortex, with 3 posts only, can I ask where you got your information? is it public knowledge? just interested to know thats all.
Joined: Nov 2005
Posts: 127
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From: Perth, Western Australia
Adding to Bristow's contract losses, it has been anounced that Bristow just lost the Woodside contract to CHC:
CHC clinches largest helicopter services contract in Australian history
Bristow held that contract since the early 1980s.
CHC's new contract with Woodside is the largest helicopter services contract in Australian history.
Regards,
David
CHC clinches largest helicopter services contract in Australian history
Bristow held that contract since the early 1980s.
CHC's new contract with Woodside is the largest helicopter services contract in Australian history.
Regards,
David
Joined: Nov 2005
Posts: 127
Likes: 0
From: Perth, Western Australia
Apologies - Bristows did have the contract from the 1980s, but I wasn't aware that Lloyd Helicopters won it in 1994.
Bristows won it back again after Lloyd - does anyone know when?
Regards,
David
Bristows won it back again after Lloyd - does anyone know when?
Regards,
David
Joined: Jun 2000
Aviation Qualifications: ATPL
Posts: 252
Likes: 5
From: Norwich
I think initially they were talking about 8 pilots. The 332 fleet has been downscaling for a while. Loss of the Britannia contract seems to have upped the figure to 13 pilots which I guess mathmatically makes sense.
Even still, there aren't many quiet 332 pilots at the moment so not sure where all this 'lack of work' is.
Even still, there aren't many quiet 332 pilots at the moment so not sure where all this 'lack of work' is.
