Energized to Power the World

CAMAC Milestones

2012

Allied Energy PLC acquires the 40% working interest in Nigerian OMLs 120 and 121 from Nigerian Agip Exploration, a subsidiary of Eni SpA.

2011

CAMAC celebrates 25th anniversary worldwide.


2010

CAMAC launches CAMAC Gas & Power to serve energy needs in Africa.


2010

CAMAC acquires majority ownership in NYSE Amex Company, Pacific Asia Petroleum.  Renamed Camac Energy Inc., it trades under symbol CAK.


2009

Floating production, storage and offloading (FPSO) vessel Armada Perdana commissioned for Oyo Field.  CAMAC and Nigerian Agip Exploration produce first oil from Oyo.


2009

CAMAC International Corporation pledges $1 million endowment to Texas Southern University to fund scholarships and the development of the Lawal Center for Global Trade.


2008

Allied Energy and partner, Nigerian Agip Exploration, approve final investment decision to develop Oyo Field.


2007

The Houston Chronicle names CAMAC as No. 8 on the list of the Top 10 privately-owned companies in Houston.


2006

Forbes names CAMAC to the list of the 400 largest privately-owned corporations in the United States.


2005

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.


2002

Black Enterprise magazine designates CAMAC as the largest African-American owned corporation in the United States.


1998

CAMAC drills first well at Oyo with partner Statoil (State Oil Company of Norway).


1995

Allied Energy, BP and Statoil discover first oil in deepwater West Africa.


1994

CAMAC sells International Tool & Supply Company for a significant holding in New London PLC, a London Stock Exchange company.


1992

Allied Energy becomes first indigenous oil company to hold a Nigerian deepwater oil prospecting license (OPL 210).


1991

CAMAC subsidiary Allied Energy and oil giant partner Conoco begin prospecting offshore Nigeria.


1989

CAMAC arranges a $20 million loan for Uganda to buy agricultural equipment.


1986

Kase Lawal founds CAMAC in Houston, Texas, as an agricultural commodities trading company between the US and West Africa