Canadian Helicopters wins US$40Million Philippines offshore oil and gas contract

Canadian Helicopters Group Inc. says its HNZ subsidiary has won a US$40 million, four-year Philippines offshore oil and gas helicopter support contract from Shell Global Solutions International B.V.

The Montreal-based company said Helicopters NZ Ltd. will provide crew change helicopter services from Manila to Shell's offshore petroleum platforms beginning in September 2013.

A second helicopter will be deployed beginning in the second quarter of 2014 to support oil and gas exploration and development work by Shell in the Philippines.

The initial term of the contract is four years with potential five one-year option periods. Revenues for the initial terms are about US$40 million. The aircraft will be obtained by purchase or lease.

"We are extremely pleased to have been selected by Shell for this major piece of business in Asia" stated president and CEO Don Wall.

"This is not only a win in terms of building on the strong relationship we have built with Shell in New Zealand, but it is also consistent with our strategy to grow the business and expand from our historical areas of strength in Australia and New Zealand deeper into the Asian market."

Canadian Helicopters Group (TSX:CHL.A) is an international provider of helicopter transportation and related support services in Canada, Australia, New Zealand and regions of Southeast Asia. The group also delivers contracted on demand support in Afghanistan and Antarctica.

It operates about 140 helicopters and employs approximately 800 personnel.

Canadian Business 

Share on Google Plus

About Webber

I am among of the writers and administrators of this web site. I always on the heads up when it comes to Sports, Politics, Economy, Business, Physics, Mathematics, Technology, computers and NEWS all over the world that triggers ny eyes and interests. I am working as a volunteer with other 14 administrators, researchers, writers and contributors. We are a strong solid team. Join us and be among of the contributor with your name on each posted article.

    Anonymous or Google Comment
    Facebook Comment



Investment Recommendation: Bitcoin Investments

Live trading with Bitcoin through ETORO Trading platform would allow you to grow your $100 to $1,000 Dollars or more in just a day. Just learn how to trade and enjoy the windfall of profits. Take note, Bitcoin is more expensive than Gold now.

Where to buy Bitcoins?

For Philippine customers: You could buy Bitcoin Online at
For outside the Philippines customers  may buy Bitcoins online at