Bristow Wins $2B Contracts for 20 Large Helos

Offshore oil and gas helicopter service provider Bristow has secured new contracts for 20 large aircraft that it expects will generate more than $2 billion in revenue. The deals are a combination of new contracts and extensions of current ones in Australia, Brazil and Europe for Sikorsky S-92s and Eurocopter EC225s.

In Australia, Inpex awarded Bristow a 10-year contract for up to six EC225s to support the Ichthys project beginning in 2014. In Brazil, Bristow’s Lider subsidiary has secured five-year contracts from state energy company Petrobras for five S-92s. One helicopter will begin service this month and the others will be added next year. Bristow has won a seven- to 12-year contract extension in Norway for four S-92s starting in September 2014, as well as a new award for search-and-rescue services there using three new EC225s. In the UK sector of the North Sea, Bristow recently added an S-92 and an EC225 on a two-year contract.