Offshore Logistics, Inc. announces Hq move to Houston

Offshore Logistics employs approximately 3,300 people worldwide and has been headquartered in Lafayette since its founding in 1969. Although the Company has moved its corporate headquarters to Houston, it will continue to maintain a strong presence in Lafayette, New Iberia and other south Louisiana communities through its subsidiaries, Air Logistics, L.L.C. and Grasso Production Management, Inc.Bill Chiles, President and Chief Executive Officer of Offshore Logistics said, "In recent years, the energy industry has seen significant growth in international offshore drilling and production activities. The move to Houston strategically places us in the heart of the international energy industry and is consistent with our ongoing strategy to grow our helicopter transportation services globally."Offshore Logistics, Inc. is a major provider of helicopter transportation services to the oil and gas industry worldwide. Through its subsidiaries, affiliates and joint ventures, the Company provides transportation services in most oil and gas producing regions including the United States Gulf of Mexico and Alaska, the North Sea, Africa, Mexico, South America, Australia, Egypt and the Far East. The Company's Common Stock is traded on the New York Stock Exchange under the symbol OLG. For more information, visit www.olog.com.