Waldrup Elected to Offshore Logistics’ Board of Directors

Thursday, October 11, 2001
Offshore Logistics, Inc., announced that Robert W. Waldrup has been elected to its Board of Directors at the Company's recent Annual Shareholders' Meeting. Waldrup was elected to fill the position that was left vacant by the retirement of Harry C. Sager who served as a Director of Offshore Logistics, Inc. from 1994 to 2001.

Waldrup served as Vice President-Operations of Newfield Exploration Company from 1991 to 2001 and also as a Director of Newfield from 1992 to 2001. He is employed on a contract part-time basis as advisor to the President of Newfield. From 1989 to 1991, Waldrup worked in Newfield's Drilling and Operations areas. Prior to joining Newfield, Waldrup was Division Production Manager of the Eastern Gulf Division of Tenneco Oil Exploration and Production Company. Waldrup is founder and currently CEO of Timberlake Enterprises, LLC. Waldrup received a degree in petroleum engineering from Mississippi State University and served as Chairman of the Offshore Operators Committee for 2000 to 2001. He is a member of the Society of Petroleum Engineers and the Independent Petroleum Association of America.

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, the North Sea, Africa, Mexico, South America, Australia, Egypt and the Far East. The Company's Common Stock is traded on the NASDAQ National Market under the symbol OLOG.

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