Addax Petroleum is an international oil and gas exploration and production company with a strategic focus on Africa, the Middle East and the North Sea. The Company has grown by acquiring under-developed properties in established basins and has increased its production by utilising advanced and proven technologies.
Our strategy is to build on the significant growth and profit enhancement opportunities within our existing licence areas while also pursuing new venture opportunities.
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The OPL227 licence area is located in the shallow water offshore of the western Niger Delta Basin, one of the most prolific petroleum basins in the world.
OML124, Addax Petroleum’s sole onshore property in Nigeria, is located in Imo State approximately 100 km north of Port Harcourt. OML124 is Addax Petroleum’s smallest Nigerian licence area when measured by production.
OML123 is Addax Petroleum’s largest licence area as measured by reserves and production and is located offshore approximately 60 km south of the town of Calabar in the south-eastern part of Nigeria, in the Gulf of Guinea.
Okwok is located approximately 45 km off the Nigeria coast, due south of Calabar, in water depths ranging between 35 m and 50 m. Okwok lies within ExxonMobil’s licence area OML67, immediately to the south of OML123
OML126 and OML137 are two contiguous blocks located 90 km offshore, south of Port Harcourt, in water depths ranging between 50 m and 210 m. Combined, they represent Addax Petroleum’s largest Nigerian properties as measured by area and also account for the majority of the company’s recent production growth.
The JDZ lies approximately 180 km south of Nigeria in the Gulf of Guinea, one of the most prolific hydrocarbon regions in the world.
The kiarssena property is located in the Port Gentil Basin, in the depths up to 800m. Addax Petroleum signed an agreement with Tullow Oil (operator) for the acquisition of 42.5% in the Kiarsseny property.
The Awoun Licence area is approximately 80km south-east of Port Gentil. Addax Petroleum holds 40% interest in the Awoun licence area, which is operated by Shall Gabon.
The Maghena Licence area is approximately 100km south-east of the coastal city of Port Gentil. Addax Petroleum operates and holds a 92.5% interest in this licence.
The Panthere NZE Licence is approximately 110km south-east of the coastal city of Port Gentil and is immediately adjacent to the Maghena licence area. Addax Petroleum operates and holds a 92.5% interest in this licence.
The Etame field is Addax Petroleum's principal offshore producing licence area in Gabon. Addax Petroleum holds a 31.36% interest in the Etame Marin licence area, which is operated by VAALCO, a US-based independant oil and gas company. The field is in the water depths of approximately 75 to 80m and currently has four wells producing from Gamba Reservoir.
The Ngosso licence area is located in the hydrocarbon prone Rio del Rey Basin, western offshore Cameroon. It lies adjacent to the shore in water depths of up to 8 m and it has similar operational and subsurface geological conditions to OML123 in Nigeria, which is located approximately 20 km to the west.
The Iroko licence area is located approximately 30 km offshore Cameroon where the water depth is approximately 40 m.
24.5% interest in Rio del Ray – Bavo-Asoma, Boa-Bakassi, Ekoundou Marine, Kita Edem and Kole Marine, operated by Perenco
25% interest in Rio del Ray – Sandy Gas, operated by Perenco
Addax Petroleum is in partnership with Perenco, the operator, in the producing Rio del Rey Association, which covers a total area of 858 km2. A total of 405 wells have been drilled, of which 361 are platform wells and 28 are stand-alone exploration wells.
Ekoundou Marine Complex was formed by the underlying Ekoundou Shale Dome. Production began in December 1978 from the S.1, S.2, S.4, and S.5 Zones. The largest producing reservoir in the Ekoundou Complex is the S.4A in the Ekoundou Central Field, with a gross oil rate of 5,560 bbl/d and an average water cut of 55% as at December 2009.
40% interest in Lokele – Mokoko Abana, operated by Addax Petroleum
25% interest in Lokele – South Asoma, operated by Perenco
32.25 % interest in Lokele – Lipenja, operated by Perenco
The Lokele Association concession covers a total area of 168km2. There are approximately 130 wells and water injection from 4 of the 11 platforms. The initial phase of development drilling in the permit began in May 1982, with first production beginning in January 1983. There are 11 existing oil-producing platforms. The daily production for Mokoko Abana Production is 15,000 bbl/d of which 6,000 bbl/d is net to Addax Petroleum
24.5% interest in Dissoni – Dissoni, operated by Perenco
37.5% interest in Dissoni – Dissoni North, operated by Perenco
Addax Petroleum is in partnership with Perenco, the operator, in the Dissoni Production Sharing Contract awarded in 2005 and covering an area of 147km2, from which it has been granted an exploitation permit for the Dissoni North area in November 2008.
The Dissoni North Development project first oil is scheduled for 2013. A production plateau above 14,000 bbl/d (5,000 bbl/d net to Addax Petroleum) is expected for mid-2014.
The Taq Taq field is located in the Kurdistan Region of Iraq, 60 km north of the giant Kirkuk oil field, 85 km south-east of Erbil and 120 km north-west of Sulaimaniyah. Addax Petroleum, through its participation in Taq Taq, is an early entrant in what is potentially a world class oil field.
An interactive map. By clicking on the country names you will get an insight into Addax Petroleum's main locations. Just rollover the licence name and you will get a brief overview of the company's main assets. You can zoom out and come back to the original map at any time by clicking on the cross at the bottom right of the map.