Statoil, N.Hydro award contracts to CHC Helicopter

Norway's Statoil and Norsk
Hydro said on Friday they had awarded contracts worth
more than two billion crowns ($290 million) to CHC Helicopter
Corporation for flight services to offshore platforms.

Norway's Statoil and Norsk
Hydro said on Friday they had awarded contracts worth
more than two billion crowns ($290 million) to CHC Helicopter
Corporation for flight services to offshore platforms.

 Norsk Hydro said the value of its seven-year contract with
CHC Helikopter Service, the Canadian company's Norwegian
subsidiary, was worth about 1.1 billion crowns, including duties
and fuel, and will take effect from January 1, 2005.

 "The contract will meet the transport needs of between
40,000 and 45,000 passengers each year," Norsk Hydro said in a
statement.

 Statoil has awarded three contracts to CHC Helikopter
Service worth more than a billion crowns.

 That includes a five-year 675 million crown deal for flight
service to the Aasgard, Njord and Draugen fields in the
Norwegian Sea, Statoil said. It comes into force on July 1, with
options to extend by a further five.

 

Associated companies: