Milestones
1986
Kase Lawal founds CAMAC in Houston, Texas, as an agricultural commodities trading company between the US and West Africa
1989
CAMAC arranges a $20 million loan for Uganda to buy agricultural equipment.
1991
CAMAC subsidiary Allied Energy and oil giant partner Conoco begin prospecting offshore Nigeria.
1992
Allied Energy becomes first indigenous oil company to hold a Nigerian deepwater oil prospecting license (OPL 210).
1994
CAMAC sells International Tool & Supply Company for a significant holding in New London PLC, a London Stock Exchange company.
1995
Allied Energy, BP and Statoil discover first oil in deepwater West Africa.
1998
CAMAC drills first well at Oyo with partner Statoil (State Oil Company of Norway).
2002
Black Enterprise magazine designates CAMAC as the largest African-American owned corporation 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.
2006
Forbes names CAMAC to the list of the 400 largest privately-owned corporations in the United States.
2007
The Houston Chronicle names CAMAC as No. 8 on the list of the Top 10 privately-owned companies in Houston.
2008
Allied Energy and partner, Nigerian Agip Exploration, approve final investment decision to develop Oyo Field.
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.
2009
Floating production, storage and offloading (FPSO) vessel Armada Perdana commissioned for Oyo Field. CAMAC and Nigerian Agip Exploration produce first oil from Oyo.
2010
CAMAC acquires majority ownership in NYSE Amex Company, Pacific Asia Petroleum. Renamed Camac Energy Inc., it trades under symbol CAK.
2010
CAMAC launches CAMAC Gas & Power to serve energy needs in Africa.
2011
CAMAC celebrates 25th anniversary worldwide.

