CHC Announces New Contract with Faroe Petroleum ST

STAVANGER, NORWAY --(Marketwired - April 04, 2017) - CHC Group (the "Company" or "CHC") today announced it has been awarded a new contract with Faroe Petroleum to provide helicopter services in support of their exploration drilling program at the Brasse Field in the North Sea.

"We are excited to work with Faroe Petroleum 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 to 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 summer 2017, flying from CHC's base in Bergen using a Sikorsky S-92, which has a proven safety and availability record, reaching more than one million fleet hours of service in 2016.

Faroe Petroleum's drilling program is expected to last for an initial period of approximately 70 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 Faroe Petroleum meet their transportation needs throughout this project and are eager to start flying on their behalf upon project commencement later this year."

ABOUT CHC

For 70 years, CHC Helicopter has provided safe, reliable, cost-effective helicopter service in some of the most remote and challenging environments around the world. With extensive experience transporting customers in the oil and gas industry, supporting search-and-rescue and EMS contracts, and providing maintenance, repair and overhaul services, our dedication to safety and reputation for quality and innovation help our customers reach beyond what they thought possible. Visit www.chcheli.com for information.

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 future financial condition and future business plans and expectations. 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. 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. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated.