In the driver’s seat of first offshore support firm to list on NSE

Olabode Makanjuola is the executive vice-chairman and chief executive officer of the latest entrant into the Nigerian Stock Exchange – Caverton Offshore Support Group.

Last week, Caverton Offshore Support Group, which operates in the marine and aviation logistics sectors of the Nigerian oil and gas industry, listed its shares on the Nigerian bourse.

Makanjuola’s educational qualifications and exposure have enabled him broker several commercial trading contracts with the Nigerian LNG and LPG off-takers. 

He has also contracted several ship management and agency contracts with both indigenous and foreign companies.

He obtained a Bachelor’s degree in Mechanical Engineering from the University of Leicester and a Master’s Degree in Trade, Shipping and Finance from City University Business School. 

Caverton Offshore Support Group Plc was incorporated in Nigeria in 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.

The Group said it 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.

Its commitment to the local content drive of the Nigerian Government is reflected in its well-articulated and continuous manpower development plan, the Group said, adding that it plans to substantially utilise local resources and facilities on its service delivery platforms.

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