Caverton

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Caverton Marine

Incorporated in July, 1999, Caverton Marine was established as a service company specializing in Tankers, Vessels, Boats, Barges and Allied Equipment.  The company is approved by the Nigerian Department of Petroleum Resources to operate within the Nigerian Oil and Gas industry as a service company specializing in providing Marine/Special Transportation Services and engagement in the shipment of petroleum products. 

The passage of The Cabotage Bill by the Nigerian Government in May 2004 has allowed indigenous companies like Caverton Marine to become key players in the industry as it restricts  the operations of marine vessels and the transportation of Petroleum products in the region to Nigerian owned Vessels.

Caverton Marine continues to expand and improve the services it provides both within and beyond its core businesses. The company's key objective is to obtain and maintain a chartering profile with emphasis on the long-term contract markets with operation in Nigeria. Our strategy is to profitably increase revenues and enhance shareholder value by:

  • Developing and maintaining a large, diversified, technologically sophisticated fleet.
  • Focusing on attractive international markets.
  • Managing our risk profile through balance of short- and long-term charters.

Media

PRESS RELEASES

    

IN THE NEWS

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Podcast & Audios

03/ 11/ 2015 :: Analyst Forum and Investor Conference call on Tuesday, November 3, 2015

02/ 06/ 2014 :: Analyst Forum and Investor Conference call on Monday, June 2, 2014

Webcast & Videos

CAVERTON HELCOPTERS PASS NCDMB AUDIT

Wed, 10 Aug 2016

CAVERTON HELCOPTERS PASS NCDMB AUDIT 

Top officials of the NCDMB recently conducted a compliance audit on Caverton Helicopters. The trio of Barrister Esueme Dan Kikile (HOD Capacity Building, Monitoring and Evaluation Directorate), Adike Kopiam (Supervisor, Monitoring & Evaluation Directorate) and Attah Solomon (Senior Monitoring Officer) visited both the Port‐Harcourt and Ikeja bases to observe, first hand, CHL's compliance of one of the NCDMB's key mission to “build local capacity and competencies.” On hand to receive them at the PHC base were Capt. Josiah Choms (MD CHL), Mr. Ayo Omueti (Director of Corporate Services), Mr. Felix Ekpo (Deputy Base Manager) and Mr. Adeola Kerere‐Ekun (NCD Coordinator). The NCDMB visit was scheduled around a second commissioning event of the new PHC hangar facility.  

Webcast & Videos

Caverton Expands Existing Bell Helicopter Fleet with Eight 407GXPs

22nd August 2017

Interview with Caverton Heliopters MD as Caverton Expands Existing Bell Helicopter Fleet with Eight 407GXPs PART 1 

22nd August 2017

Interview with Caverton Heliopters MD as Caverton Expands Existing Bell Helicopter Fleet with Eight 407GXPs PART 2 

CAVERTON HELCOPTERS PASS NCDMB AUDIT

COSG's CEO on Bank Of Industry Weekly, Caverton Group in Focus

Mon, 05 December 2016 18:30:18 GMT

An exclusive interview with COSG's CEO on BOI Weekly.

CAVERTON HELCOPTERS PASS NCDMB AUDIT

Wed, 10 Aug 2016

CAVERTON HELCOPTERS PASS NCDMB AUDIT 

Top officials of the NCDMB recently conducted a compliance audit on Caverton Helicopters. The trio of Barrister Esueme Dan Kikile (HOD Capacity Building, Monitoring and Evaluation Directorate), Adike Kopiam (Supervisor, Monitoring & Evaluation Directorate) and Attah Solomon (Senior Monitoring Officer) visited both the Port‐Harcourt and Ikeja bases to observe, first hand, CHL's compliance of one of the NCDMB's key mission to “build local capacity and competencies.” On hand to receive them at the PHC base were Capt. Josiah Choms (MD CHL), Mr. Ayo Omueti (Director of Corporate Services), Mr. Felix Ekpo (Deputy Base Manager) and Mr. Adeola Kerere‐Ekun (NCD Coordinator). The NCDMB visit was scheduled around a second commissioning event of the new PHC hangar facility.  

CAVERTON 9 - MONTH PROFITS DOWN 26%

Tue, 02 Nov 2015 13:51:23 GMT

Caverton Offshore Support Group, which operates in the marine and aviation logistics sectors of the Nigerian oil and gas industry, reported a 26 per cent decline in nine months pre-tax profits to N2.25 billion. This was on the back of a 5 per cent fall in revenues over the same period. Titi Adigun, Chief Financial Officer, joins CNBC Africa to unpack the numbers. Source

CAVERTON H1 PRE-TAX PROFIT FALLS

Tue, 04 Aug 2015 12:53:23 GMT

Caverton Offshore Support Group reported a 32 per cent decline in half year pre-tax profits. The provider of marine, aviation and logistics services also recorded a 5 percent fall in revenues. Titilola Adigun, CFO Caverton Offshore Support Group, joined CNBC Africa for more. Source

CAVERTON FY PAT DOWN AS REVENUE SOARS

Tue, 31 Mar 2015 13:01:58 GMT

Caverton Offshore Support has reported a 48 per cent decline in full year profit after tax to N979 million, this even as revenues jumped by a third to 24.9 billion naira. Joining CNBC Africa to unpack the numbers is Samuel Ileoma, Chief Finance Officer at Caverton Offshore. Source

CAVERTON SIGNS AGREEMENT WITH NIGERIAN NATIONAL PETROLEUM COMPANY

Tue, 09 February 2015 14:10:18 GMT

Caverton Helicopters, a subsidiary of Caverton Offshore Support Group announced a helicopter Charter Service Agreement with the Nigerian National Petroleum Company. Bode Makanjuola, CEO of Caverton Offshore Support Group joins CNBC Africa to discuss this and the group's plans going forward. Source

M.D's interview on Human Capital Development at Caverton

Tue, 10 February 2014 08:21:18 GMT

An exclusive interview with EOM Business Network on Human Capital Development at Caverton Offshore Support Group Source

Caverton Records A 24% Pre-Tax Profit Rise

Tue, 11 November 2014 08:21:18 GMT

Caverton Offshore Support Group reported a 24 percent rise in pre-tax profit for the nine months to September. The provider of marine aviation and logistics services saw a 34 percent rise in revenue to 18.7 billion naira. CNBC Africa is joined by the company's chief financial officer, Samuel Ileoma, to unpack the numbers. Source

Caverton Offshore Support Group Reports A 21% Increase In Half Year Revenues

Tue, 12 August 2014 10:59:39 GMT

Caverton offshore Support group has reported a 21 per cent increase in half year revenues to N12.5 billion. The provider of marine aviation and logistics services saw a 32 per cent decline in half year profit before tax to N2.6 billion. Samuel Ileoma Chief Financial Officer of Caverton Offshore Support group joins CNBC Africa to unpack these numbers.Source

1st Caverton Post-Listing AGM

Fri, 06 June 2014 15:01:23 GMT

 

Leading player in the support services for the marine and aviation sector in the country, Caverton Offshore Support held its first AGM since listing at the NSE on the 20th of May,2014. With a 2013 PAT of about N1.87bl, which translated to a dividend payment of 12k to shareholders, Caverton had a lot to engage the investment community with. The Chairman Mr Aderemi Makanjuola Chairman and Mr Olabode Makanjuola speak on the evolution and growth of the company, even as they listen to questions, views and suggestions from shareholders. With its performance Caverton Offshore Support Plc opens another chapter for the enormous possibilities for Nigerian companies,to become viable drivers of the economy. Source

OUTLOOK OF NIGERIA'S CAVERTON LISTING

Tue, 20 May 2014 15:01:23 GMT

Caverton, a provider of marine, aviation and logistics services to local and international oil and gas companies in Nigeria today got listed on the Nigerian Stock Exchange. Joining CNBC Africa to discuss the listing and the outlook for the company is CEO, Olabode Makanjuola. Source

PROSPECTS OF CAVERTON'S NSE LISTING

Tue, 20 May 2014 10:59:15 GMT

Caverton offshore support group has become the second company to list on the Nigerian Stock Exchange this year. Analysts say this latest listing is proof that the Nigerian government's strong drive to raise the level of local content in the oil& gas sector is yielding fruit. The oilfield services company is expected to list 3.3 billion shares at 9.50 kobo per share. Dolapo Oni an Oil and Gas Analyst at Ecobank joins CNBC Africa.for a look at the prospects for Caverton as they finalize their listing. Source

Press Releases

News Update

22-08-2017

CAVERTON Expands Existing Bell Helicopter Fleet with Eight 407GXPs

Interview with MD Caverton Helicopters PART 1 Watch here 
22-08-2017
Interview with MD Caverton Helicopters PART 2 Watch here 
 
21-08-2017

CAVERTON SECURES 5-YEAR LOGISTICS CONTRACT WITH CHEVRON

CAVERTON Offshore Support Group Plc has secured a five year logistics support contract from Chevron Nigeria Limited, the operator of NNPC/CNL Joint Venture, for the provision of aviation services Read more 
 
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