CHC Helicopter Gets Conoco Renewal

CHC Helicopter (FLI) got a five-year contract renewal from ConocoPhillips' (COP) U.K. unit for helicopter services in the southern North Sea.

The service will use a dedicated Sikorsky S76C, plus additional flight hours from the CHC pool of medium aircraft. The deal is valued at 40 million Canadian dollars, Vancouver-based CHC said.

On Tuesday, CHC rose a dime to $20.38.

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