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February 19, 2014
08:20 EDTCAKCAMAC announces long-term EPSO contract
CAMAC Energy announced that a long-term contract has been signed for the floating, production, storage, and offloading vessel Armada Perdana. The contract provides for an initial term of five years beginning January 1 with an automatic extension for an additional two years unless terminated by CAMAC with prior notice. The company plans to utilize the FPSO for its multi-year, high-impact development and production operations in Nigeria.
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