Erin Energy Corporation () is a
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...
based company involved in exploration, development and production of oil and gas. It was formerly known as CAMAC Energy. Its principal assets are in
Africa
Africa is the world's second-largest and second-most populous continent, after Asia in both cases. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth's total surface area ...
comprising nine licenses across 4 countries, with current production and exploratory projects offshore of
Nigeria
Nigeria ( ), , ig, Naìjíríyà, yo, Nàìjíríà, pcm, Naijá , ff, Naajeeriya, kcg, Naijeriya officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf o ...
, as well as exploration licenses offshore of
Ghana
Ghana (; tw, Gaana, ee, Gana), officially the Republic of Ghana, is a country in West Africa. It abuts the Gulf of Guinea and the Atlantic Ocean to the south, sharing borders with Ivory Coast in the west, Burkina Faso in the north, and To ...
,
Kenya
)
, national_anthem = "Ee Mungu Nguvu Yetu"()
, image_map =
, map_caption =
, image_map2 =
, capital = Nairobi
, coordinates =
, largest_city = Nairobi
, ...
, and
Gambia
The Gambia,, ff, Gammbi, ar, غامبيا officially the Republic of The Gambia, is a country in West Africa. It is the smallest country within mainland AfricaHoare, Ben. (2002) ''The Kingfisher A-Z Encyclopedia'', Kingfisher Publicatio ...
, and onshore in Kenya.
In addition, through its Pacific Asia Petroleum subsidiaries, it has operations in
China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...
.
Corporate
The Chairman and CEO is African-American businessman,
Kase Lukman Lawal
Kase Lukman Lawal'(born June 30, 1954) is a Nigerian-born businessman who lives and works in the United States.
Lawal was born June 30, 1954 in Ibadan. He obtained his Bachelor of Science in chemistry from Texas Southern University in 1976, and hi ...
.
John Hofmeister, former president of Shell Oil Company, is on the board and will become the Chairman in 2016.
It was founded in 2005 as CAMAC Energy and has offices in
Houston
Houston (; ) is the most populous city in Texas, the most populous city in the Southern United States, the fourth-most populous city in the United States, and the sixth-most populous city in North America, with a population of 2,304,580 in ...
,
Texas
Texas (, ; Spanish language, Spanish: ''Texas'', ''Tejas'') is a state in the South Central United States, South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2 ...
,
Beijing
}
Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...
, China, and
Lagos
Lagos (Nigerian English: ; ) is the largest city in Nigeria and the List of cities in Africa by population, second most populous city in Africa, with a population of 15.4 million as of 2015 within the city proper. Lagos was the national ca ...
, Nigeria.
Ownership
Erin Energy was listed on the
NYSE Amex Equities until 2018 when it moved its stock to the
OTC Markets Group
OTC Markets Group (previously known as Pink Sheets) is an American financial market providing price and liquidity information for almost 10,000 over-the-counter (OTC) securities. The group has its headquarters in New York City. OTC-traded sec ...
.
Operations
On 4 August 2014 the company announced it had discovered 4 new oil and gas reservoirs in its Oyo-8 development well located offshore Nigeria. Erin had already drilled Oyo-7 in October 2013. The company said in its 4 August 2014 statement it was one step closer to bringing the two wells into production.
In July 2018, it was announced that Erin Energy went into liquidation.
Erin Energy Ch. 11 Case Converted To Liquidation
References
{{Reflist
External links
Erin Energy website
Companies formerly listed on NYSE American
Companies traded over-the-counter in the United States
Oil companies of the United States
Non-renewable resource companies established in 2005
Non-renewable resource companies disestablished in 2018