CAMAC Energy Inc. (“CAMAC” or the “Company”) (NYSE MKT: CAK) announced
today that the semi-submersible drilling unit, Sedco
Express, has arrived to the Oyo Field located in OML 120
offshore Nigeria. The Company has contracted the Transocean
Sedco Express to expedite the timing of production tie-in from
the Oyo-7 and Oyo-8 development wells.
The Sedco Express is under contract for use on up to three wells
and the Company intends to use the rig to complete the Oyo-7 and Oyo-8
wells horizontally. CAMAC is also considering using the rig to drill the
Company’s first Miocene-target exploration well.
About CAMAC Energy
CAMAC Energy is an independent oil and gas exploration and production
company focused on energy resources in sub-Saharan Africa. Its asset
portfolio consists of nine licenses across four countries covering an
area of 43,000 square kilometers, including current production and other
exploration projects offshore Nigeria, as well as exploration licenses
offshore Ghana, Kenya, and Gambia, and onshore Kenya. CAMAC Energy is
headquartered in Houston, Texas. For more information about CAMAC
Energy, please visit www.camacenergy.com.
Copyright Business Wire 2014
Source: Business Wire
(December 29, 2014 - 8:00 AM EST)
News by QuoteMedia