In line with this strategic vision, we own and operate some of the best and most strategic maritime assets in Nigeria, for Dredging and Marine infrastructural construction.
Strides is scheduled for listing in the Nigerian Stock Exchange (NSE) during the second quarter of 2013. Our objective is to create and increase value, providing competitive returns to our investors. Strides is a star in the provision of dredging and shallow water pipelay services for the Nigerian oil and gas industry. Our entry into the deepwater IMR and Drilling services has witnessed tremendous Value creation for the E&P partners, thus making us a contractor of choice for offshore oil and gas development and production.
The company is a rapidly growing enterprise with revenue growth averaging 52% p.a in the last 4years, from USD5.2million in 2008 to USD18.26 by 2011 year end. We plan to be a strong medium sized company with annual revenue in excess of USD50 million by 2015. A professionally managed organization providing high local content, quality and efficient services to leading E&P companies in the African offshore oil and gas E&P market.
