Signing of Major Helicopter Agreement

This article originates from the news archive of Det norske.

20. November 2008

Airlift and Dancopter have entered into an agreement with the oil companies Det Norske and Revus. The agreement entails a turnover of approx. NOK 40 million annually.

Airlift AS and DanCopter A/S have entered into a 3-­year agreement with Det norske oljeselskap ASA and Revus Energy ASA for offshore helicopter transportation. The agreement will commence 1 March, 2009, with an option for 3 x 1 year.

The agreement concerns transportation of passengers and material in connection with the companies’ drilling activities on the Norwegian Shelf. The helicopter type chosen is EC155. The operation will be based in Bergen – hereafter the base will move to where the drilling activities take place.

EC155 is a modern, mid-sized helicopter with a capacity of accommodating up to 12 passengers. The helicopter is very suitable for transportation within the oil industry offshore.

Airlift and DanCopter both belong under the Norwegian group Blueway AS and have together a fleet of 25 helicopters. The companies have further options for delivery of additional helicopters to the oil industry.

About Det norske (`DETNOR`):
Det norske is the second-largest operating company on the Norwegian Continental Shelf with 24 operatorships and interests in a total of 46 licenses. Det norske is the
operato r of the Frøy Field development and will also operate eight to nine exploration wells in the North Sea and Norwegian Sea during 2009. Det norske’s scope of activities is limited to the Norwegian Continental Shelf (NCS).

Det norske currently employs a staff of more than 130, and the strong growth rate continues. The company`s registered office is located in Trondheim. The company also has offices in Oslo, Harstad, and Stavanger.