Allied Energy PLC acquires the 40% working interest in Nigerian OMLs 120 and 121 from Nigerian Agip Exploration, a subsidiary of Eni SpA.
CAMAC celebrates 25th anniversary worldwide.
CAMAC launches CAMAC Gas & Power to serve energy needs in Africa.
CAMAC acquires majority ownership in NYSE Amex Company, Pacific Asia Petroleum. Renamed Camac Energy Inc., it trades under symbol CAK.
Floating production, storage and offloading (FPSO) vessel Armada Perdana commissioned for Oyo Field. CAMAC and Nigerian Agip Exploration produce first oil from Oyo.
CAMAC International Corporation pledges $1 million endowment to Texas Southern University to fund scholarships and the development of the Lawal Center for Global Trade.
Allied Energy and partner, Nigerian Agip Exploration, approve final investment decision to develop Oyo Field.
The Houston Chronicle names CAMAC as No. 8 on the list of the Top 10 privately-owned companies in Houston.
Forbes names CAMAC to the list of the 400 largest privately-owned corporations in the United States.
CAMAC agrees to share production from OML 120 and 121 with Nigerian Agip Exploration, a subsidiary of Italy’s ENI SpA, and collaborate on technical and operations management.
Black Enterprise magazine designates CAMAC as the largest African-American owned corporation in the United States.
CAMAC drills first well at Oyo with partner Statoil (State Oil Company of Norway).
Allied Energy, BP and Statoil discover first oil in deepwater West Africa.
CAMAC sells International Tool & Supply Company for a significant holding in New London PLC, a London Stock Exchange company.
Allied Energy becomes first indigenous oil company to hold a Nigerian deepwater oil prospecting license (OPL 210).
CAMAC subsidiary Allied Energy and oil giant partner Conoco begin prospecting offshore Nigeria.
CAMAC arranges a $20 million loan for Uganda to buy agricultural equipment.
Kase Lawal founds CAMAC in Houston, Texas, as an agricultural commodities trading company between the US and West Africa