MONTREAL, March 9, 2017 /CNW/ - HNZ Group Inc. (TSX: HNZ) (the "Corporation"), an international provider of helicopter transportation and related support services, announced today it has secured a new, multi-year contract to provide helicopter services to support ExxonMobil Canada and Encana Corporation's activities offshore Nova Scotia, Canada.
"We are pleased to have been awarded this contract and look forward to working with each of the operators," said Don Wall, President and CEO of HNZ Group.
The Corporation will supply two Sikorsky S-92 helicopters for a term of 3 years beginning late in the second quarter of 2017. Helicopter transportation is integral to supporting safe, day-to-day operations of the Sable Offshore Energy Project and the Deep Panuke Project, both of which are natural gas production facilities located approximately 200 kilometres from shore.
ABOUT HNZ GROUP INC.
HNZ Group is an international provider of helicopter transportation and related support services with operations in Canada, New Zealand, Australia, Norway, Southeast Asia and Antarctica. The Corporation operates in excess of 115 helicopters to support offshore and onshore charter activities under a number of different brands. Offshore operations are provided under the Norsk brand in Norway and HNZ elsewhere in the world, while onshore charter operations are under the Canadian Helicopters brand in Canada, Acasta in Northern Canada and the HNZ brand in Asia-Pacific and Antarctica. Clients consist of multinational companies and government agencies including offshore and onshore oil and gas, mineral exploration, military support, hydro and utilities, forest management, construction, air ambulance and search and rescue. In addition to charter services, it provides ancillary services which include third-party repair and maintenance services and advanced flight training by the internationally recognized HNZ Topflight training center in Penticton, British Columbia. HNZ Group is a publically traded company on the Toronto Stock Exchange (TSX: HNZ) and is headquartered near Montreal, Canada and employs approximately 600 personnel from 37 locations around the world.
ABOUT ENCANA CORPORATION
Encana Corporation ("Encana") is a leading North American energy producer that is focused on developing its strong portfolio of resource plays, held directly and indirectly through its subsidiaries, producing natural gas, oil and natural gas liquids (NGLs). By partnering with employees, community organizations and other businesses, Encana contributes to the strength and sustainability of the communities where it operates. Encana common shares trade on the Toronto and New York stock exchanges under the symbol ECA.
ABOUT EXXONMOBIL CANADA
ExxonMobil Canada Properties is a leader in the Atlantic Canada offshore, where it operates the Sable project in Nova Scotia and is the lead owner of the Hibernia project offshore Newfoundland and Labrador (NL). It is also the operator of the Hebron development project in NL, and has an interest in the Terra Nova project.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements including those relating to the future contractual relationship between the Corporation and the customers named herein and in particular with respect to the expected duration of such relationship. Forward-looking statements can be identified by words such as assumption, project, target and other similar expressions or future or conditional verbs such as anticipate, expect, intend, may and will. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially. Consequently, readers should not place any undue reliance on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they were made. The Company disclaims any intention or obligation to update or revise any forward- looking statement, whether as a result of new information, future events or otherwise except as required by applicable laws.
SOURCE HNZ Group Inc.
For further information: HNZ Group Inc., Matt Wright, CFA, MBA, Vice President and Chief Financial Officer Tel.: 780-429-6903