Bristow Awarded a Multi-Year Equinor Search and Rescue Contract
Sep 07, 2022, 08:30 ET
Equinor awarded Bristow Norway a search and rescue contract starting September 1, 2023. The initial contract is for four years and includes three one-year options for a potential total of seven years
Bristow will provide search and rescue configured S-92 helicopters based offshore at the Johan Sverdrup and Statfjord B platforms in support of operations on the southern Norwegian continental shelf
Bristow’s safe and reliable search and rescue service is a critical part of the emergency preparedness on the Norwegian continental shelf
HOUSTON, Sept. 7, 2022 /PRNewswire/ — Bristow Group Inc. ( NYSE: VTOL), the world’s leading global provider of innovative and sustainable vertical flight solutions, today announced an award from Equinor to provide search and rescue services offshore at the Johan Sverdrup and Statfjord B platforms, located in the Norwegian North Sea off the west coast of Norway.
A critical part of the emergency preparedness on the southern Norwegian continental shelf, the contract has a duration of four years and includes three single year extension options. Three advanced search and rescue configured S-92 helicopters will provide the search and rescue service. Two helicopters will be based on Equinor’s platforms with a backup S-92 based onshore.
“We are honoured that Equinor has placed their trust in Bristow. This award is a strong declaration of their confidence in our industry-leading experience in providing search and rescue services,” said Heidi Wulff Heimark, Managing Director of Norway. “Search and rescue is a strategically important service for Bristow, and we are all extremely proud to be chosen as the preferred operator for SAR services to Equinor’s emergency preparedness with SAR helicopters located offshore at Statfjord B and Johan Sverdrup offshore installations and backup SAR.”
Bristow has been an Equinor aviation partner for more than 25 years supporting the Norwegian Continental shelf both for crew change service and search and rescue services. In addition to Norwegian operations, Bristow also provides helicopter services to Equinor in Brazil and the U.S.
About Bristow Group
Bristow Group Inc. is the leading global provider of innovative and sustainable vertical flight solutions. Bristow primarily provides aviation services to a broad base of major integrated, national and independent offshore energy companies. Bristow provides commercial search and rescue (SAR) services in several countries and public sector SAR services in the United Kingdom (U.K.) on behalf of the Maritime & Coastguard Agency (MCA). Additionally, the Company offers ad hoc helicopter and fixed wing transportation services.
Bristow currently has customers in Australia, Brazil, Canada, Chile, the Dutch Caribbean, Falkland Islands, Guyana, India, Mexico, the Netherlands, Nigeria, Norway, Spain, Suriname, Trinidad, the U.K. and the U.S. To learn more, visit our website at www.bristowgroup.com.
About Equinor
Equinor is an international energy company committed to long-term value creation in a low-carbon future. Equinor’s purpose is to turn natural resources into energy for people and progress for society. Equinor’s portfolio of projects encompasses oil and gas, renewables and low-carbon solutions, with an ambition of becoming a net-zero energy company by 2050. Headquartered in Stavanger (Norway), Equinor is the leading operator on the Norwegian continental shelf and present in around 30 countries worldwide. To learn more, visit the Equinor website at https://www.equinor.com.
Forward-Looking Statements Disclosure
This press release contains “forward-looking statements.” Forward-looking statements represent Bristow Group Inc.’s (the “Company”) current expectations or forecasts of future events. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “project,” or “continue,” or other similar words. These statements are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, reflect management’s current views with respect to future events and therefore are subject to significant risks and uncertainties, both known and unknown. Without limiting the generality of the foregoing, such forward-looking statements include statements regarding optional extension periods under the contract and the Company’s provision of its services and the anticipated benefits therefrom. The Company’s actual results may vary materially from those anticipated in forward-looking statements. The Company cautions investors not to place undue reliance on any forward-looking statements.
Forward-looking statements speak only as of the date of the document in which they are made. The Company disclaims any obligation or undertaking to provide any updates or revisions to any forward-looking statement to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which the forward-looking statement is based that occur after the date hereof. You should not place undue reliance on our forward-looking statements because the matters they describe are subject to known and unknown risks, uncertainties, and other unpredictable factors, many of which are beyond our control. Our forward-looking statements are based on the information currently available to us and speak only as of the date hereof. New risks and uncertainties arise from time to time, and it is impossible for us to predict these matters or how they may affect us. We have included important factors in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2022 (the “Annual Report”) which we believe over time, could cause our actual results, performance or achievements to differ from the anticipated results, performance or achievements that are expressed or implied by our forward-looking statements. You should consider all risks and uncertainties disclosed in the Annual Report and in our filings with the United States Securities and Exchange Commission (the “SEC”), all of which are accessible on the SEC’s website at www.sec.gov.
SOURCE Bristow Group
