CAVERTON OFFSHORE SUPPORT GRP PLC Company Profile

CAVERTON OFFSHORE SUPPORT GRP PLC

Caverton Offshore Support Group Plc, based in Lagos, Nigeria, operates within the Oil & Gas Field Services Industry. With a total of 73 employees across its locations, the company generates $2.74 million in sales (USD) and is comprised of two main entities:

1. Caverton Marine Incorporated: Established in July 1999, Caverton Marine is approved by the Nigerian Department of Petroleum Resources to operate as a specialized service company in the Nigerian Oil and Gas industry. It focuses on providing Marine/Special Transportation Services, including the shipment of petroleum products, utilizing Tankers, Vessels, Boats, Barges, and Allied Equipment.

2. Caverton Helicopters Limited: Founded in September 2002 as a charter, shuttle, and maintenance company, Caverton Helicopters initially aimed to address gaps in the onshore helicopter service sector. Over time, it has expanded into the offshore support (oil and gas) industry, offering logistics support to major players. Operating from a 10,000 square meter flight facility at the Murtala Muhammad International Airport in Lagos, the company also owns and operates purpose-built facilities in strategic locations such as Victoria Island (The Ozumba Heliport), Port Harcourt (NAF Base), Warri, and Cameroon.

With the passage of The Cabotage Bill by the Nigerian Government in May 2004, indigenous companies like Caverton Marine have become significant players in the industry, as the bill restricts marine vessel operations and petroleum product transportation in the region to Nigerian-owned vessels.

Caverton Offshore Support Group Plc continues to enhance its services, focusing on business logistics and environmental support for Nigerian Oil and Gas producers, with broader energy operations support along the West African shelf. The company places emphasis on making well-suited choices in the type of aircraft it offers, maintaining operating bases in strategic locations.

Providing marine and aviation logistics services to the oil and gas industry in Nigeria and Sub-Saharan Africa, Caverton Offshore Support Group Plc specializes in charter, shuttle, and maintenance services for helicopters and airplanes. The company is involved in harbour and general marine activities, marine/special transportation, ground and flight training services, and the shipment of petroleum products. Founded in 1999, it is a subsidiary of Tasmania Investments Ltd, with Mr. Olabode Makanjuola serving as its CEO/Managing Director.

Board Members of Caverton Offshore Support Group PLC are:

Mr Aderemi Makanjuola                                           Chairman
Mr. Olabode Makanjuola                                  Chief Executive Officer (CEO)
Mr Chesa Okoroafor                                        Chief Financial Officer (CFO)
Amaka Obiora                                                  Company Secretary
Mr. Akinsola Falola                                           Non-Executive Director
Mr. Bashiru Bakare                                           Non-Executive Director
HRM Edmund Maduabebe Daukoru, CON      Non-Executive Director
Mallam Bello Gwandu                                      Non-Executive Director
Mr. Akin Kekere-Ekun                                       Non-Executive Director
Chief Raymond Ihyembe                                  Non-Executive Director