Drilling Vessels Contract will Boost Caverton’s Revenue —CEO – 

The Chief Executive Officer, Caverton Offshore Support Group, Olabode Makanjuola, has said the award of a new contract to Caverton-RK to supply drilling vessels to Shebah Exploration and Production Company Limited will boost its revenue base.
A statement from the company, which was made available to our correspondent on Wednesday, said the contract would run for an initial period of three months with Caverton-RK to supply two vessels in support of Rig Trident VIII SEPCOL’s offshore drilling operations. According to the statement, Caverton-RK is a joint venture between RKOffshore of Singapore and Caverton Marine Limited, one of the two subsidiaries of Caverton Offshore Support Group. It added that the joint venture was formed in 2012 to take advantage of growing opportunities in the offshore support vessel sector. On its part, SEPCOL is an indigenous exploration and production company and operator of the Ukpokiti offshore field, which it acquired from ConocoPhillips in 2004.

Leave a Reply

Your email address will not be published.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