SPDC and Caverton Sign Partnership Deal

The MD of Shell Petroleum Development Company (SPDC) Nigeria Ltd., Mutiu Sunmonu, reported that an aviation partnership deal, targeting 75% Nigerian Content in support of the government’s Nigerian Content Act of 2010 was signed between it and Caverton Helicopters.  

Sunmonu said since the signing of the partnership Shell has saved about $20 million in operational cost while its partner’s staff strength rose from 120 to over 500, with a correlating increase in efficient operations.

According to a BusinessDay report, the MD of SPDC said: “So, this partnership, for me, is a great initiative in the sense that it is like helping a small company to grow. This partnership is not about Caverton making short term money. It is about Shell helping Caverton to grow a business and to build a business. That, to me is very significant. They had grown from staff strength of 120 to over 500 since they started to work with Shell. They had increased their fleet size from two machines to about eight machines.”