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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

CAMAC Energy Shores Up the Remaining Interest in Nigerian PSC

Erin Energy Corp. Not Disclosed
AnnouncedFeb 23, 2014
TypeProperty
Announced Date
February 23,2014
Effective Date
February 21,2014
Close Date
February 21,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
220




Snapshot
Asset/Basin:
{"Offshore Nigeria - OML 120/121 (Oyo Field)"}
Net Acres
% Oil:

Location
Region
Africa - West Africa

Country
Nigeria

Production
Production


Transaction Details:  Subscribe to see

CAMAC Energy Inc. has announced today that it has closed the acquisition of the remaining economic interests that it did not already own in the production sharing contract covering Oil Mining Leases 120 and 121 offshore Nigeria, which include the currently producing Oyo Field, from Allied Energy Plc.

CAMAC Energy now has operatorship and a 100% interest in 8 production and exploration licenses in 3 countries, including the OMLs, Blocks L1B and L16 onshore Kenya, Blocks L27 and L28 offshore Kenya, and Blocks A2 and A5 offshore Gambia. Total net acreage is just over 41,000 square kilometers, or…

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