Chevron Awards Caverton Helicopter Five-Year Contract

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Caverton Revenue Falls, But Profit Climbs To N728M In Q1 2021-Brand Spur Nigeria
Caverton Revenue Falls, But Profit Climbs To N728M In Q1 2021-Brand Spur Nigeria

Caverton Helicopters, a subsidiary of Caverton Offshore Support Group Plc has been awarded a five-year logistics support and provision of aviation services contract by Chevron Nigeria Limited (CNL) with a two-year renewable option.

This was disclosed at the weekend in a statement signed by the Chief Executive Officer, Caverton Support Group, Olabode Makanjuola.

According to the statement, the contract was awarded following an extended competitive tendering process, where Caverton, a fully indigenous company listed in the Nigerian Stock Exchange 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 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.” the statement said.

The company said that over the past decade, Caverton has worked hard to raise the bar in key areas in this specialised 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 the opportunity, Nigerians can excel and make Nigeria proud in all facets of the economy,” the statement added.

The Group Chairman, Mr. Remi Makanjuola said, “We are thankful to our clients, the aviation regulators, our shareholders, our staff and many others who have played a role in our development and success as a company. We give special recognition to the Access Bank Group who has supported Caverton on various projects over the years.”

The company said it is poised to continue to work on consolidating its vision to be the leading provider of premium aviation services in sub-Saharan Africa to the oil and gas industry.