Neptune Energy awarded a $53 million contract to CHC Helicopters to optimise flight schedules and reduce emissions for offshore transport in the Dutch North Sea.
AGREEMENT
CHC will provide regular transport to and from the 29 offshore platforms in the Netherlands.
The contracts are part of a longer term alliance agreement with CHC which will enable the companies to optimise route planning and reduce the total number of offshore flights.
Neptune’s head of supply chain & logistics in the Netherlands, Nicola Goodwin, said that the new alliance agreement was an innovative approach for Neptune Energy and its partner.
“It will enable us to build on our good safety record, reduce the CO2 emissions associated with offshore transport, and improve overall efficiency.”
The alliance agreement will run for three years with two one-year extension options available.
FITCH RATING
Neptune also reported that Fitch increased Neptune Energy Group Midco Ltd corporate credit rating from BB to BB+, with the outlook as stable.
Fitch also increased Neptune Energy Bondco plc’s senior $850 million senior notes due in 2025 from BB to BB+.