Chevron Awards Caverton Contract for the Provision of Helicopters Services

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Chevron (CNL), operator of the NNPC/CNL Joint Venture has awarded a 5 year logistics support contract to Caverton Helicopters, a subsidiary of Caverton Offshore Support Group Plc. a fully indigenous company listed on the Nigerian Stock Exchange for provision of aviation services with a 2 year renewable option.

According to report, the contract was awarded following an extended competitive tendering process. Caverton emerged successful after scaling through both the technical and commercial evaluation ahead of other bidders. Given CNL’s reputation for very high safety and quality standards, it is safe to say that Caverton’ s commitment to safety, quality and continuous improvement contributed in the no small measure to this successful bid. Caverton will service this contract with 11 Bell manufactured helicopters in line with CNL’s requirement. As part of the contract, Caverton will provide guaranteed medevac response to CNL 24 hours a day, seven days a week, covering their entire area of operations.

Over the past decade, Caverton has worked hard to raise the bar in key areas in this specialized sector: helicopter availability, on-time departure, service and maintenance quality; doing all this while pursuing a robust local content strategy. The positive impact of these efforts is the growing confidence in our services by the International Oil Companies and others resulting in an increasing market share.

As a fully indigenous player in the hitherto foreign-interest dominated sector, Caverton helicopters has confirmed the mantra that given opportunity, Nigerians can excel and make Nigeria proud in all facets of the economy.

Speaking on the contract award, the Group Chairman, Remi Makanjuola said, “We are thankful to our clients, the aviation regulator, our shareholders, our staff and many others who have played a role in our development and success as a company. Special recognition to the Access Bank Group who have supported Caverton on various projects over the years “Caverton helicopters is poised to continue to work on consolidating its vision to be leading provider of premium aviation services in sub-Saharan Africa to the oil and gas industry.

About Caverton Offshore Support Group Plc

Caverton Offshore Support Group Plc was incorporated in Nigeria on 2nd June, 2008, as a private limited liability company. The Group operates in the marine and aviation logistics sectors of the Nigerian oil and gas industry. The Caverton Group was formed to acquire Caverton Helicopters Limited and Caverton Marine Limited, both of which were already operating in the Nigerian offshore oil and gas logistics industry. Since inception, the Caverton Group has positioned itself as one of the leading indigenous oilfield services companies in Nigeria and following the passage of the Nigerian Government‟s “Local Content Policy,‟ which is aimed at substantially increasing indigenous participation in the local and gas industry, is very well positioned to leverage the opportunities this represents.

The Group achieves its strategic objectives by drawing from both global offshore experience acquired from its strategic partners and the service delivery competence of its member companies. The Group’s commitment to the local content drive of the Nigerian Government is reflected in its well-articulated and continuous manpower development plan. In addition, the Group plans to substantially utilize local resources and facilities on its service delivery platforms.

The Caverton Offshore Support Group has a clearly and defined business focus of being a leading marine and aviation logistics provider in the oil and gas industry in Nigeria and Sub-Sahara Africa.

About Chevron Nigeria Limited

What does Chevron stand for? Chevron stands for People, partnership and performance. Chevron has been in business since 1879. Chevron success is driven by our people and their commitment to getting results the right way – by operating responsibly, executing with excellence, applying innovative technologies and capturing new opportunities for profitable growth.

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