Alliance Aviation announced on Tuesday that it will continue to service Santos’s oil and gas reserves operations in the Cooper Basin for the next five years. The news boosted shares which jumped 7% by the close of trading.
Alliance provides contract, charter and allied aviation and maintenance services covering essential services to mining, energy, tourism and government sectors.
The five-year renewal will see Alliance operate services on behalf of Santos to their gas and oil operations in the Cooper Basin. Services will continue to operate from both Adelaide and Brisbane to Santos’ Moomba and Ballera airports.
As part of the extension, Alliance will also commence operating intra-field services; and additional services in Western Australia that have been operating on a charter basis are now also rolled into the long-term contract. They will commence operating the intra-field services connecting Moomba and Ballera and will continue to provide services from Perth to Karratha in Western Australian that commenced during the COVID-19 pandemic.
Alliance’s Chief Executive Officer, Lee Schofield said, “Alliance has been operating services for Santos since 2006 and we are excited that this extension will see us operating for Santos for a period of at least 20 years. This extension was won as a result of Alliance’s ability to continue to operate safe, reliable and cost-effective air charter services for Santos. The addition of the intra-field services and the Western Australia service further cements the long-term relationship built over many years. Once again our operational expertise has proven to be the key to retaining long term contracts and increasing existing schedules and our national footprint was a significant factor.”