CAMAC Energy Secures Armada Perdana FPSO Contract

CAMAC Energy Secures Contract for Armada Perdana FPSO2

CAMAC Energy Inc. has signed a long-term contract for the floating, production, storage, and offloading vessel (“FPSO”) Armada Perdana.

The contract provides for an initial term of five years beginning January 1, 2014, 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.

FPSO Armada Perdana has a production capacity of 40,000 barrels of oil per day, and storage capacity of 1.1 million barrels. It currently supports the Company’s daily production of approximately 2,000 barrels of oil and 40 mmcf of natural gas from the Oyo Field in OML Block 120 offshore Nigeria.

“Securing this infrastructure for up to seven years is another milestone towards the growth of CAMAC,” said Segun Omidele, Senior Vice President of Exploration and Production.

Press Release, February 19, 2014; Image: Bumi Armada

Share this article

Follow Subsea World News

Events>

<< Mar 2015 >>
MTWTFSS
23 24 25 26 27 28 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

OMC 2015

OMC 2013 reached over 13,700 participants, an increase of 31% compared to 2011, from 32 countries worldwide, a sign that both the conference…

read more >

Transnational Oil, Gas and Energy Law

Study a Unique Online Learning Programme that is Highly Relevant to Today’s International Market…

read more >

Heavy Transport & Lifting for Oil, Gas and Marine by Richard Krabbendam

Building a lift plan
Choosing the right crane
Using a tail crane
Selecting the right platform trailer or SPMT
Estimating forces in lifting…

read more >

MCE Deepwater Development 2015

Marine, Construction & Engineering (MCE) Deepwater Development is recognized as the leading conference addressing technical issues related…

read more >