Here we have composed for you a list of frequently asked questions organised by topic.
What is Addax Petroleum?
Addax Petroleum is an international oil and gas exploration and production company focused on Africa, the Middle East and the UK North Sea. The Company has experienced significant growth since its inception and was acquired by China Petrochemical Corporation ("Sinopec Group") in August 2009.
When was Addax Petroleum founded?
Addax Petroleum was founded in 1994. Addax Petroleum signed its first two Production Sharing Contracts (PSCs) in Nigeria in 1998.
Who are Addax Petroleum's officers?
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.
Who are Addax Petroleum’s auditors?
Deloitte & Touche LLP are Addax Petroleum’s auditors.
How many employees work for Addax Petroleum?
The Company employs over 1100 people in Nigeria, Gabon, Cameroon, Geneva (CH) and Houston (U.S.A.).
Where does Addax Petroleum operate?
Addax Petroleum has a high quality asset base consisting of a number of producing properties in Nigeria, Gabon, Cameroon, the Kurdistan Region of Iraq and the North Sea. 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.
What is the nature of Addax Petroleum's presence in the North Sea?
Addax Petroleum is a 49% shareholder of Talisman Sinopec Energy UK Limited, which holds various producing licences in the UK North Sea.
How much oil does Addax Petroleum produce?
The Company’s approximate average oil production for 2011 was 140,000 bbl/d. Year-to-date production for 2012 is 167,000 bbl/d.
Where does Addax Petroleum obtain its production from?
Addax Petroleum has producing wells in Nigeria, Gabon, Cameroon, the Kurdistan Region of Iraq and the North Sea.
What are Addax Petroleum’s major exploration and development opportunities?
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.
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