• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Companies Company News

Caverton confirms mega Chevron contract has taken off

Emmanuel Abara Benson by Emmanuel Abara Benson
May 7, 2018
in Company News, Corporate deals, Spotlight
Caverton Group financial report, Nigerian Stock Exchange financials

A parked Caverton helicopter

Share on FacebookShare on TwitterShare on Linkedin

Caverton Helicopters, a subsidiary of Caverton Offshore Support Group Plc, has commenced its Chevron logistics support contract by taking the first official flights to Excravos on Sunday the 1st of May.

Two helicopters- a Bell 407 GXP and a Bell 412 were flown to the facility by Caverton’s Chairman, Capt. Josiah Chioms and Capt. Daniel Pam with his co-pilot, First Officer Atonyapagha Oruh; respectively.

In a released statement issued to Nairametrics concerning the development, the company expressed optimism that this move would not only be beneficial to them but also positively impact the entire West African helicopter support business sector.

RelatedStories

AfreximBank approves $200 million finance facility to BUA Group for expansion projects 

Afreximbank to support Nigerian airlines with 25 aircraft through dry lease financing 

January 16, 2025
FG invests over $75 million in CNG projects across Nigeria – Olu Verheijen 

Nigeria has secured over $1 billion investment oil and gas  sector— Olu Verheijen 

November 6, 2024

The Chevron Contract (a total of 11 aircraft involved), promises to be a big game changer for Caverton Helicopters in particular, and the entire offshore helicopter support business in West Africa. The commencement contract was preceded by months of hard work and preparation by various departments in the company as well as rigorous pre-commencement audit by NCAA.-Caverton 

A look at Caverton’s expansion drive

The company had last year secured a five-year logistics contract with Chevron Nigeria Limited after a competitive tendering process. The contract, which comes with a 2-year renewable option, would see the aviation company provide logistics support for the oil company which currently operates the NNPC/Chevron joint venture in Excravos.

Caverton Offshore Support Group Plc earlier in the year unveiled eleven newly-acquired helicopters which were purchased solely for the purpose of this Chevron contract. This increased the company’s total helicopter fleet to seventeen.

What does this mean for Caverton and its shareholders?

As we earlier analyzed, this year has begun on a good note for the company, especially in the light of the above mentioned contract with Chevron. More so, global oil prices have been on the high, thereby indicating more promising opportunities for the company. Should the oil market maintain its current trend, Caverton will surely earn higher revenue this year, increase its profit and hopefully, pay dividends to its shareholders.

Caverton Offshore Support Plc is a marine and aviation logistics company which operates in Nigeria’s oil and gas sector. It was incorporated in 2008 and positioned for the acquisition of Caverton Marine Limited and Caverton Helicopters Limited, two previously existing logistics companies that were incorporated in 1999 and 2002 respectively. Its shares are currently trading at ₦2.40 in today’s session of the Nigerian Stock Exchange.


Follow us for Breaking News and Market Intelligence.
Tags: Aviation NewsCaverton Offshore Support PlcChevron Nigeria Limited (CNL)ExcravosOil and Gas Sector
Emmanuel Abara Benson

Emmanuel Abara Benson

Emmanuel Abara Benson is an experienced business reporter and editor. He currently edits articles at Nairametrics. Reach him via email on Emmanuel.abara@nairametrics.com and follow him on Twitter @Mr_Abara for his personal opinions.

Related Posts

AfreximBank approves $200 million finance facility to BUA Group for expansion projects 
Aviation

Afreximbank to support Nigerian airlines with 25 aircraft through dry lease financing 

January 16, 2025
FG invests over $75 million in CNG projects across Nigeria – Olu Verheijen 
Energy

Nigeria has secured over $1 billion investment oil and gas  sector— Olu Verheijen 

November 6, 2024
2024 budget
Economy

President Tinubu signs new executive orders to boost investment in oil and gas sector  

March 6, 2024
Oil and Gas sector
Energy

What to expect from the Oil and Gas sector in 2024

January 16, 2024
Nigeria, Africa require 54,000 technical personnel in aviation in 20yrs – Expert
Aviation

Nigeria, Africa require 54,000 technical personnel in aviation in 20yrs – Expert

September 15, 2023
Captain Lola Odujinrin, Aviation
Corporate Updates

Aviation should be a Catalyst for Africa’s social development –  Captain Lola Odujinrin

August 24, 2023
Next Post
Central Bank of Nigeria, Emefiele, Textile

Here's why CBN mandated these banks to have ₦15bn collateral each

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • 10 Lagos hospitals delivering advanced surgeries and challenging outbound medical tourism 
  • Geregu Power reports N13 billion Q2 2025 profit, up 61% YoY, beats Q2 forecast 
  • HealthCap Africa launches HealthTech Unicorns Report 2.0 in Lagos, charts bold future for Africa’s health innovation

Follow us on social media:

Recent News

10 Lagos hospitals delivering advanced surgeries and challenging outbound medical tourism 

10 Lagos hospitals delivering advanced surgeries and challenging outbound medical tourism 

July 12, 2025
Geregu Power PLC wins “Most Compliant Listed Company” at 2024 Made of Africa Awards  

Geregu Power reports N13 billion Q2 2025 profit, up 61% YoY, beats Q2 forecast 

July 12, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics