Drill rig destined for Oyo oil and gas field arrives in Nigeria
A drillship destined for New York-listed Camac Energy’s prospective Oyo offshore oil and gas field, off the coast of Nigeria, has arrived in the country and is expected to begin drilling operations on the Oyo-8 well in mid-May.
The Energy Searcher drill rig, which was capable of drilling to total depths of up to 25 000 feet and in water depths of up to 2 500 feet, was owned by drilling group Northern Offshore and was under contract to Camac for an initial term of one year, which could be extended for another year.
The rig would carry out the company’s development programme for the Oyo field and drill one or more high-impact exploration wells on offshore oil mining leases 120 and 121.
Camac’s asset portfolio comprised nine licenses across four countries covering an area of 43 000 km2.
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