Will Support Norwegian Sea Drilling Program
STAVANGER, NORWAY--(Marketwired - December 14, 2016) - CHC Group (OTC PINK: HELIQ) (the "Company" or "CHC") today announced it has signed a new contract with Wintershall Norge
AS ("Wintershall"), to provide helicopter services in support of their drilling program at the Maria Field in the Norwegian Sea
on the Halten Terrace in blocks 6407/1 and 6406/3.
"We are excited to work with Wintershall as their aviation partner in this project," said Arne Roland, CHC Regional Director
for Nordic Countries, Eastern Europe, Caspian and Canada (NECC). "This project allows us continue to build on our decades of
experience supporting oil and gas customers in the Norwegian Continental Shelf as we continue to evolve our services and
technology to best meet their needs."
The operation will begin in March 2017, flying from CHC's base in Kristiansund using a Sikorsky S-92, which has a proven
safety and availability record, reaching more than one million fleet hours of service earlier in 2016.
Wintershall's drilling program is expected to last for an initial period of approximately 550 days and the contract includes
an option to extend CHC's services beyond this initial period.
"CHC is proud to continue a safe and reliable transportation offering to customers in and around the North Sea," said Karl
Fessenden, President and CEO of CHC Helicopter. "We look forward to helping Wintershall meet their transportation needs
throughout this project and are eager to start flying on their behalf upon project commencement next year."
About CHC
CHC Helicopter is a leader in enabling customers to go further, do more and come home safely, including oil and gas
companies, government search-and-rescue agencies and organizations requiring helicopter maintenance, repair and overhaul services
through the Heli-One segment.
Cautionary Note on Forward-Looking Statements
This press release and other statements that we may make contain forward-looking statements. Forward-looking
statements are statements that are not historical facts and include statements about our expectations for the timing and
execution of our restructuring plan, our future financial condition and future business plans and expectations, the effect of,
and our expectations with respect to, the operation of our business, adequacy of financial resources and commitments and
operating expectations during the pendency of our court proceedings. Such forward-looking statements are based upon the current
beliefs and expectations of our management, but are subject to risks and uncertainties, which could cause actual results and/or
the timing of events to differ materially from those set forth in the forward-looking statements. These risks and uncertainties
are detailed from time to time in our filings with the Securities and Exchange Commission, including the Company's Annual Report
on Form 10-K for the year ended April 30, 2016 and its quarterly report for the period ended July 31, 2016. The Company's filings
with the Securities and Exchange Commission are available at www.sec.gov. You are urged to consider these risks and other factors carefully in evaluating the forward-looking
statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their
entirety by this cautionary statement. The forward-looking statements speak only as of the date on which they are made and the
Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or
circumstances. No assurances can be given that our efforts to effectively reorganize under Chapter 11 of the Bankruptcy Code will
ultimately be successful or that we will succeed in strengthening our balance sheet or increase our financial flexibility. Should
one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may
vary materially from those indicated. Nothing in this press release shall constitute a solicitation of any holders of any of our
indebtedness or our securities or an offer to buy or sell, or a solicitation of an offer to buy or sell, any securities of the
Company. Any securities that may be offered pursuant to our Chapter 11 proceedings will not be or have not been registered under
the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable
exemption from registration requirements.