CAMAC Energy Inc. announced that Allied Energy Plc has signed a deed of assignment with Transocean Ltd. and Nigerian Petroleum Development Company Ltd. for the Sedneth 701 semi-submersible drilling rig to carry out the drilling of the Oyo #7 well. The Sedneth 701, currently under contract with NPDC and operated by Transocean, will be assigned to Allied to drill Oyo well #7 between April and August of 2013. Transocean will continue to operate the rig during the assignment period.