Seeking Alpha

North Sea oil and gas producers face challenge amid Super Puma grounding

  • CHC has suspended flights in EADS' (EADSF.PK +1.7%) Super Puma helicopter family following a crash that killed four people.
  • WSJ says oil and gas producers operating in the North Sea are now facing tight capacity as four Super Puma models have been temporarily grounded by "the region's three main helicopter operators."
  • The cause of the crash is under investigation and "experts" from EADS' Eurocopter group are reportedly working closely with authorities.
  • In the mean time, operators must now figure out how to transport staff to offshore operations.
  • During a grounding of the EC225 (another model in the Super Puma family), operators relied heavily on Sikorsky S-92s (UTX).
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