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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.
News For CAK From The Last 14 Days
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December 15, 2014
08:00 EDTCAKCAMAC to acquire 3D seismic offshore Gambia
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December 3, 2014
08:03 EDTCAKCAMAC announces additional drilling rig for Offshore Nigeria
CAMAC Energy (CAK) announced that it has signed a contract with a subsidiary of Transocean (RIG) for the provision of the semi-submersible drilling unit Sedco Express for drilling and completion activities offshore Nigeria. The contract allows for the drilling or completion of up to three wells, and CAMAC intends to use the rig to accelerate timing of the tie-in of production from the Oyo-7 and Oyo-8 development wells. With the ability to drill a third well, and an option to extend the contract, the company is also considering using the rig to accelerate its 2015 exploration drilling program. The Sedco Express is an ultra deepwater, semi-submersible drilling rig built in 2000, and is already within close proximity of the Oyo Field in OML 120. The Company’s other rig, the drillship Energy Searcher, will continue the plugging and abandonment operations on the Oyo-5 and Oyo-6 wells.

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