From the Business Times – Copter providers in pact with O&G firms


Dateline 2011-04-21:

Two helicopter service providers today signed a contract with a total value of RM7.2 billion to provide offshore helicopter service to five leading oil and gas (O&G) companies in Malaysia.

Westar Aviation Services Sdn Bhd will provide nine helicopters in a deal worth RM4.2 billion to Petronas Carigali Sdn Bhd, ExxonMobil Exploration and Production Malaysia Inc, Newfield (Malaysia) Inc, Petrofac (Malaysia-PM304) Ltd and Talisman (Malaysia) Ltd.

Meanwhile, MHS Aviation Bhd, a subsidiary of Boustead Holdings Bhd, sealed the remaining RM3 billion contract to provide five helicopters to Petronas Carigali Sdn Bhd, ExxonMobil Exploration and Production Malaysia Inc and Newfield Peninsular Malaysia Inc.

The contract is valid for a period of 10 years.

This entry was posted on Tuesday, April 26th, 2011 at 6:00 am and is filed under Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to From the Business Times – Copter providers in pact with O&G firms

  1. bamboozled says:
    April 26, 2011 at 2:59 pm

    What can RM 7.2b or USD 2.4b buys you?

    1. 10 long-haul Airbus A350-900 aircraft.

    Helicopter price (retail price),

    1. Sikorsky S-76, USD 11-15 million
    2. Eurocopter EC225, USD 16-20 million

    Let say, average helicopter is about 20 million, 2.4b will get you 120 helicopters.

    Money well spent for helicopter rental.

    Reply

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