Addax Petroleum 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 Petroleum's 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 relationships with all its stakeholders.
About our Name
Addax Petroleum was named after a type of antelope that can be found in Saharan Africa.
The addax is a large bodied antelope with white to sandy coloration and long, thin, spiral horns that slant back and upward. It is particularly known for its ability to survive in harsh environments and is considered the most well adapted antelope to a desert environment as it is able to get most of the water it needs from plants.
The addax antelope is a perfect symbol to embody the spirit of Addax Petroleum's founders and the ongoing culture and philosophy of the company. The addax brings us closer to the continent where we started our operations and reflects our deep and continuous attachment to the African continent as well as our capacity to adapt and prosper in areas deemed to offer little by transforming local resources into strong assets for growth.
Unregulated hunting continues to threaten the addax in its native habitat. This antelope is a critically endangered species, with current estimates of less than 500 antelopes in the wild. Addax Petroleum has therefore acted to try and protect the species by supporting the Sahara Conservation Fund (SCF) in two major projects: the designation of a protected area in the Termit/Tin Toumma region in eastern central Niger, and an addax conservation programme in the Egueï region in northwestern Chad. In both cases, the philosophy of the projects is the same: to act in consultation with the local populations and to preserve - or if necessary re-establish a heavily undermined ecosystem - by drawing on the SCF’s expertise in preserving wild fauna.