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Offline Isaac Adeniran

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« on: December 06, 2014, 09:32:14 AM »

Addax Petroleum, one of the leading Oil and Gas company in Nigeria is a subsidiary of the Sinopec Group, one of the largest oil and gas producers in China, the biggest oil refiner in Asia and the third largest worldwide. Addax Petroleumís mission is to create value through successful exploration, development and production of oil and gas resources whilst contributing to the socio-economic development of its host societies and maintaining environmental sustainability.

 The Company aims to grow its business through reinvestment and strategic acquisitions in Africa, the Middle East, the North Sea and any other areas with proven potential, supported by long-lasting relationship with all its stakeholders.

In Nigeria, Addax Petroleumís producing assets include 11 field complexs with around 60 production wells in concession OML 123, 2 fields with 20 producing wells in concession OML 124 and 2 fields with 14 production wells in concession OML 126. On going progress with Field Development Planning is expected to result in a significant increase in our production, from the present combined 75.000 bbl/d from OML123, OML124 and OML126 to over 85.000 bbl/d at the end of 2012.

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« on: December 06, 2014, 09:32:14 AM »

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