Darrell Johnson Joins Camcon Oil Limited

CAMBRIDGE, England--()--Camcon Oil Ltd, the provider of intelligent gas lift solutions to the oil & gas industry, has appointed Darrell Johnson of RMS Partnership as Strategic Adviser to the Camcon Board and shareholders. Darrell will assist Camcon as it engages in a number of negotiations with key strategic partners and rolls out its Digital Intelligent Artificial Lift (DIAL) solutions portfolio globally.

“In order to keep up the momentum, levels of investment and product development, we need to consider partnerships with larger oil services companies. Darrell’s decades of experience in the oil & gas sector will be invaluable as we take that next important step.”

Camcon CEO, Danny Chapchal, commented on the appointment:

“The last few months have seen significant progress at Camcon as - against the backdrop of low oil prices - our digital gas lift technology and the enhanced oil & gas recovery it delivers becomes ever more attractive to operators.”

“In order to keep up the momentum, levels of investment and product development, we need to consider partnerships with larger oil services companies. Darrell’s decades of experience in the oil & gas sector will be invaluable as we take that next important step.”

Darrell Johnson has over 25 years’ experience in the oil & gas industry including 14 years working with offshore rig contractors; seven years with Weatherford where he led projects for major oil companies and radically overhauled the company’s Underbalanced Services Product Line; and four years as Country Manager of a leading indigenous operating company in Nigeria. In 2012, he founded MECHCON International, an infrastructure company focused on pipe coatings. Darrell was also Director of the International Association of Drilling Contractors for three years.

Camcon Oil has developed a range of Digital Intelligent Artificial Lift (DIAL) solutions that deliver significant operational benefits and enhancements far beyond the current capabilities of existing gas lift solutions. Through its flagship solution APOLLO, operators can vary gas injection rates and depth in real-time without production interruption and well intervention and can increase recovery from individual wells by up to 30%.

Recent tests showed that APOLLO can deliver as much as 1,000 BOPD (Barrels of Oil per Day) more oil production from a typical well and, in one scenario, a 110% increase in production compared with traditional gas lift equipment.

RMS Partnership provides strategic and corporate finance advice to companies in the oil and gas and oil service sectors.

Contacts

Axiom Communications Management Ltd
Paul Fisher
Tel: +44 (0) 1285 713 776
Mob: +44 (0) 7733224850
Email: pfisher@axiomcomms.com

Release Summary

Camcon Oil has appointed Darrell Johnson of RMS Partnership as Strategic Adviser to the Camcon Board. Darrell will assist Camcon as it engages in a number of negotiations with key strategic partners.

Camcon Oil Ltd