KEYFACT Energy
Contacts
Addax Petroleum
Service Office, 16, av. Eugène-Pittard
P.O. Box 265, CH-1211 Geneva 12
Tel: +41 (0)22 702 94 00
Addax Petroleum
Description
Addax Petroleum is an international oil and gas exploration and production company with a strategic focus on Africa and the Middle East. The Company has grown by acquiring under-developed properties in established basins and has increased its production by utilising advanced and proven technologies.
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.
OPERATIONS
- Nigeria
- Gabon
- Cameroon
- Iraq
- UK
History
Addax Petroleum was originally part of the Addax & Oryx Group of Companies (AOG) which was founded in 1987 by a group of enthusiastic energy professionals, with an expertise in international trade and in-depth knowledge of Africa.
The creation of Addax Petroleum
In 1994, AOG embarked on an ambitious expansion programme with the aim of becoming a vertically integrated oil company, focused on the African continent, and developed an upstream exploration and production business: Addax Petroleum was created.
Addax name
Addax Petroleum was named after a type of antelope that can be found in Saharan Africa. 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.