-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 BS3K+iyQQDInX7KH8o5encGFe9rTfL4AOAF7xHlePYP5ui2wAvJekhf4eecPiPsr
 lhVNHaiQfwglEZCXCnrWAw==

<SEC-DOCUMENT>0000073887-03-000049.txt : 20030813
<SEC-HEADER>0000073887-03-000049.hdr.sgml : 20030813
<ACCEPTANCE-DATETIME>20030813122621
ACCESSION NUMBER:		0000073887-03-000049
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030811
FILED AS OF DATE:		20030813

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			GRAVES GENE
		CENTRAL INDEX KEY:			0001244593

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31617
		FILM NUMBER:		03839819

	BUSINESS ADDRESS:	
		STREET 1:		P O BOX 5-C
		CITY:			LAFAYETTE
		STATE:			LA
		ZIP:			70505
		BUSINESS PHONE:		3372331221

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OFFSHORE LOGISTICS INC
		CENTRAL INDEX KEY:			0000073887
		STANDARD INDUSTRIAL CLASSIFICATION:	AIR TRANSPORTATION, NONSCHEDULED [4522]
		IRS NUMBER:				720679819
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	BUSINESS ADDRESS:	
		STREET 1:		224 RUE DE JEAN
		STREET 2:		PO BOX 5C
		CITY:			LAFAYETTE
		STATE:			LA
		ZIP:			70505
		BUSINESS PHONE:		3182331221

	MAIL ADDRESS:	
		STREET 1:		224 RUE DE JEAN 70508
		STREET 2:		PO BOX 5C
		CITY:			LAFAYETTE
		STATE:			LA
		ZIP:			70505
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>gra50.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
	<periodOfReport>2003-08-11</periodOfReport>
	<notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000073887</issuerCik>
        <issuerName>OFFSHORE LOGISTICS INC</issuerName>
        <issuerTradingSymbol>OLG</issuerTradingSymbol>
	</issuer>
	<reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001244593</rptOwnerCik>
            <rptOwnerName>GRAVES GENE</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>P.O. BOX 5C</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>LAFAYETTE</rptOwnerCity>
            <rptOwnerState>LA</rptOwnerState>
            <rptOwnerZipCode>70505</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
			<isDirector>0</isDirector>
			<isOfficer>1</isOfficer>
			<isTenPercentOwner>0</isTenPercentOwner>
			<isOther>0</isOther>
			<officerTitle>V.P. - Marketing</officerTitle>
		</reportingOwnerRelationship>
	</reportingOwner>
	<derivativeTable>
		<derivativeTransaction>
			<securityTitle>
				<value>Employee Stock Option (Right to Buy)</value>
				<footnoteId id="F1"/>
			</securityTitle>
			<conversionOrExercisePrice>
				<value>21.15</value>
			</conversionOrExercisePrice>
			<transactionDate>
				<value>2003-08-11</value>
			</transactionDate>
			<deemedExecutionDate>
			</deemedExecutionDate>
			<transactionCoding>
				<transactionFormType>4</transactionFormType>
				<transactionCode>A</transactionCode>
				<equitySwapInvolved>0</equitySwapInvolved>
			</transactionCoding>
			<transactionAmounts>
				<transactionShares>
					<value>12000</value>
				</transactionShares>
				<transactionPricePerShare>
					<value>0</value>
				</transactionPricePerShare>
				<transactionAcquiredDisposedCode>
					<value>A</value>
				</transactionAcquiredDisposedCode>
			</transactionAmounts>
			<exerciseDate>
				<value>2004-08-11</value>
			</exerciseDate>
			<expirationDate>
				<value>2013-08-11</value>
			</expirationDate>
			<underlyingSecurity>
				<underlyingSecurityTitle>
					<value>Common Stock</value>
				</underlyingSecurityTitle>
				<underlyingSecurityShares>
					<value>12000.00</value>
				</underlyingSecurityShares>
			</underlyingSecurity>
			<postTransactionAmounts>
				<sharesOwnedFollowingTransaction>
					<value>12000.00</value>
				</sharesOwnedFollowingTransaction>
			</postTransactionAmounts>
			<ownershipNature>
				<directOrIndirectOwnership>
					<value>D</value>
				</directOrIndirectOwnership>
				<natureOfOwnership>
					<value/>
				</natureOfOwnership>
			</ownershipNature>
		</derivativeTransaction>
	</derivativeTable>
	<footnotes>
		<footnote id="F1">(1) The option becomes exercisable in three equal annual installments beginning on August 11, 2004</footnote>
	</footnotes>
	<remarks>
	</remarks>
	<ownerSignature>
		<signatureName>By: H. Eddy Dupuis, Attorney in Fact</signatureName>
		<signatureDate>2003-08-13</signatureDate>
	</ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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