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Bristow Group Inc. secured several major new multi-year contracts for a total of 20 large aircraft that are expected to generate in excess of US $2 billion in revenue.
In Europe, the contracts include: extension of an existing contract in Norway for four S-92 large helicopters for a seven-year term with the option for an additional five-year extension, a new contract for Norway search and rescue services using three new Eurocopter EC225 helicopters for five years with the option for an additional five-year extension, and a new contract award for one S-92 helicopter in the UK North Sea that commenced work in July 2012 and one EC225 helicopter that is scheduled to start work in August 2012 for a minimum of two years.
In Australia, INPEX awarded Bristow a 10-year contract for up to six EC225 helicopters to support drilling, development, and production operations on the Ichthys Project. INPEX also has an option to add a long-term SAR aircraft. This new contract is scheduled to begin in 2014.
In Brazil, Lider was awarded five-year contracts by Petrobras for five Sikorsky S-92 large helicopters. One of these aircraft is leased to Lider by Bristow and is scheduled to start work in August 2012, and the remaining four aircraft are scheduled to commence work by April 2013.