HNZ Group is Awarded a New Nova Scotia Offshore Oil and Gas Support Contract

HNZ Group has been awarded a contract by Shell Canada Energy (“Shell”) to provide offshore personnel and cargo transport, medevac and search and rescue services from Halifax, Nova Scotia, Canada. The services will be delivered by HNZ’s subsidiary Canadian Helicopters Ltd, which has provided emergency medical services support to Nova Scotia’s Emergency Health Services from the Halifax Stanfield International Airport since 1999.

The contract, was awarded in support of Shell’s “Shelburne Basin Venture Exploration Drilling Project” which is expected to commence mid-year of 2015 for a duration of approximately 260 days. The contract will utilize two leased Sikorsky S-92 aircraft for offshore personnel, cargo and medevac transport and a third leased Sikorsky S-92 for dedicated search and rescue operations. Over the term of the initial contract period, revenues are expected to be approximately CAD$20 million dollars.

HNZ’s President and CEO, Don Wall, said “we are excited to expand our current aviation operations in Halifax to include this important step in supporting Shell’s exploration operations offshore Nova Scotia and we appreciate the continuing confidence Shell has placed in HNZ. We look forward to providing a safe and efficient service, while expanding our capabilities in Nova Scotia into heavy offshore helicopters including a full, all weather search and rescue service, in the North Atlantic. This contract indicates success in executing our expansion and diversification strategy post-Afghanistan, and as a Canadian owned Corporation, marks the natural next step of entering the Canadian offshore oil and gas market.”

This contract is HNZ’s third offshore oil and gas support contract with Shell globally and represents its first offshore contract in Atlantic Canada.