CAMAC Energy Inc. reported that Allied Energy PLC (Allied), an affiliate of the Company's largest shareholder and the operator of its Nigerian deep water blocks, OML 120 and OML 121, has contracted Wellstream International Limited (Wellstream) to design, engineer, and manufacture the production flowline and production riser for the completion of the Oyo #7 well currently scheduled to spud in the first quarter of 2013.
Wellstream is scheduled to deliver the 3,495 meters of six inch production flowline and 1,105 meters of six inch production riser to the Oyo field in July 2013, where it will be used to tie the production from Oyo #7 to the floating production, storage and offloading unit. Allied also has an option to purchase and receive a duplicate set of materials for its follow up production well, Oyo #8, by September 2013.
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CAMAC Energy Inc.
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