Addax Petroleum is an international oil and gas exploration and production company focused on Africa and the Middle East and is an active player in West Africa. The Company has experienced significant growth since its inception and was acquired by China Petrochemical Corporation ("Sinopec Group") in August 2009.

Addax Petroleum was founded in 1994. Addax Petroleum signed its first two Production Sharing Contracts (PSCs) in Nigeria in 1998.

The Chairman of Addax Petroleum is Mr. Xianliang Geng and the Chief Executive Officer is Mr. Yi Zhang. For a complete list of Addax Petroleum's officers, please refer to Senior Management.

Deloitte & Touche LLP are Addax Petroleum’s auditors.

The Company employs over 1000 people, of which more than 300 are in Nigeria and the same in Gabon.

Addax Petroleum has a high quality asset base consisting of a number of producing properties in Nigeria, Gabon and Cameroon. Addax Petroleum also has a high quality portfolio of exploration and development properties elsewhere in West Africa and in the Kurdistan Region of Iraq. For more information please refer to the Operations section.

In 2011, Addax Petroleum’s average daily production is 140 Mbbl/d of oil.

Addax Petroleum has producing wells in Nigeria, Gabon, Cameroon and the Kurdistan Region of Iraq.

In addition to those within Addax Petroleum's asset base in Nigeria, Cameroon and Gabon, Addax Petroleum’s major opportunities include interests in the deepwater Nigeria-São Tomé Joint Development Zone as well as in the Taq Taq licence area in the Kurdistan Region of Iraq. For more information please refer to the Operations section.