Shell has awarded HNZ Group Inc. and its wholly owned subsidiary HNZ New Zealand Limited with two separate contracts to provide offshore oil and gas helicopter support.
Under the first agreement, HNZ New Zealand was awarded a five-year extension to its existing contract with Shell Philippines, which replaces the original five one-year option periods.
“We are very pleased to continue supporting Shell’s offshore operations in the Philippines,” HNZ Group president and chief executive officer, Don Wall, said. “The confidence Shell has placed in HNZ for ongoing helicopter support services both in the Philippines and other regions across the globe demonstrates the reputation we have gained for providing safe, reliable and cost-effective solutions. We look forward to supporting Shell over the course of the renewed contract.”
Shell Awards Offshore Helicopter Contracts
The contract with Shell Philippines will become effective from August 2017 to August 2022 and entails the supply of two Leonardo AW139 helicopters for the provision of services to the Malampaya Gas Platform, located in the largest gas field in the Philippines.
Shell Malampaya Platform, Offshore Philippines
According to the company, revenues under contract during the initial five-year term are expected to be of approximately US$60 million (£42.29 million).
As well as this, there are non-recurring costs of approximately US$3 million (£2.08 million) regarding the transition of replacement aircraft into the contract, which will be recovered during the extension period.
HNZ Bags Two Helicopter Support Contracts
In a separate contract, HNZ New Zealand was awarded an oil and gas helicopter support contract with a joint venture (JV) comprising Shell Todd Oil Services, AWE Taranaki, OMV New Zealand and Origin Energy Resources in New Plymouth.
Under the agreement, HNZ will provide helicopter services to various offshore petroleum platforms using two AugustaWestland AW139 helicopters.
The contract replaces two previous agreements that HNZ had previously signed with the same consortium.Last updated on 12:36PM - 03/06/16