Oil & Gas news in brief
Two year contract extension
CHC Group has signed a two year contract extension with Shell Aberdeen to provide helicopter services in support of its UK Continental Shelf operations. CHC has been Shell’s aviation partner for five years, initially serving Shell Central North Sea assets. As part of a joint initiative to improve supply chain efficiencies over the contract period, CHC service now also extends to Shell’s Northern North Sea activities.
Mark Abbey, CHC Regional Director for Europe, Middle East and Africa said: “We will continue to evolve our services and embrace the latest technology to best meet customer needs, building on our decades of experience in UKCS oil and gas activity.”
“CHC is proud to continue to strive to provide safe and reliable transportation services to Shell in and around the North Sea as part of our global service for Shell,” added Karl Fessenden, President and CEO of CHC Helicopter.
Following the announcement by Repsol Sinopec Resources UK that first oil has begun to flow from the Shaw field, Deirdre Michie, Chief Executive of Oil & Gas UK, said: “This is a major redevelopment in an area of the North Sea that has been producing for many years. It combines new and mature field activities that will extend the Montrose Area’s productive life and demonstrates the potential that can still flow from the UK Continental Shelf with the right investment. “At the project’s inception, HM Treasury worked closely with the industry to begin to make the tax regime more competitive. Since then, the tax regime for this basin has improved substantially and is now one of the most fiscally competitive in the world.”