Erickson Air-Crane Incorporated Signs Contract with Pacific Rubiales Energy

  Erickson Air-Crane Incorporated Signs Contract with Pacific Rubiales Energy

Business Wire

PORTLAND, Ore. -- January 14, 2013

Erickson Air-Crane Incorporated (“Erickson”)(NASDAQ:EAC) has signed a
contract with oil and gas company Pacific Rubiales Energy (“Pacific”) to
provide heavy lift helicopter services in central Peru. Operations commenced
on January 2^nd of this year, and will last for a minimum of 12 months. The
contract has a value of between $11 and 14 million, depending on total flight
hours completed.

“We’re excited to partner with Pacific,” said Erickson CEO Udo Rieder. “This
opportunity aligns with our overall strategy of further diversifying our
fleet’s global reach, specifically in the emerging South American oil and gas
market. We believe our unique capabilities will continue to create
opportunities to increase our share of the South American market with new,
significant, and non-seasonal sources of revenue.”

Erickson, which manufactures and maintains a fleet of S-64 heavy lift
rotorcraft, will assist Pacific in moving drill rig components and supplies
between exploratory sites in a remote area of east-central Peru. The work will
be in support of Pacific’s oil and gas exploration program in Lease Block 138,
approximately 60 kilometers from Pucallpa, Peru.

Erickson will be providing one S64-F model aircrane helicopter, with pilots,
full field maintenance support crews, parts and components, in order to ensure
maximum aircraft readiness.

About Erickson Air-Crane Incorporated

Erickson Air-Crane specializes in the operation and manufacture of the
Erickson S-64 Aircrane (the “Aircrane”), a versatile and powerful heavy-lift
helicopter. The Aircrane has a lift capacity of up to 25,000 pounds and is the
only commercial aircraft built specifically as a flying crane without a
fuselage for internal loads. The Aircrane is also the only commercial
heavy-lift helicopter with a rear load-facing cockpit, combining an
unobstructed view and complete aircraft control for precision lift and load
placement capabilities. Erickson Air-Crane owns and operates a fleet of 18
Aircranes, which are used to support a wide variety of government and
commercial customers worldwide across a broad range of aerial services,
including firefighting, timber harvesting, infrastructure construction, and
crewing. Erickson Air-Crane also manufactures Aircranes and related components
for sale to government and commercial customers and provides aftermarket
support and maintenance, repair, and overhaul services for the Aircrane and
other aircraft. Founded in 1971, Erickson Air-Crane is headquartered in
Portland, Oregon with its principal manufacturing facility based in Central
Point, Oregon. For more information, please visit

About Pacific Rubiales Energy

Pacific Rubiales Energy is a $5 billion public company listed on the Toronto,
Colombian and Brazilian stock exchanges. It is the largest independent oil and
gas exploration and production company in Colombia, and owns 100% of Pacific
Stratus and Meta Petroleum Limited, both operate and own interests in the
Rubiales and Piriri oil fields in Colombia’s Llanos Basin and the La Creciente
natural gas field in northern Colombia. The Company is focused on identifying
growth opportunities in other countries like Peru.


Erickson Air-Crane Incorporated
Andy Mills, 503-505-5823
Director of Aerial Services Marketing
Press spacebar to pause and continue. Press esc to stop.