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 was founded in 1994 upon leading petroleum industry expertise and a deep-rooted understanding and respect for African cultures. Over the years, Addax Petroleum has evolved from a young pioneer into an established international oil and gas, exploration and production company focused on Africa and the Middle East.
Addax Petroleum’s assets are located in Nigeria, the Joint Development Zone of São Tomé & Príncipe, Gabon, Cameroon and the Kurdistan Region of Iraq, comprising an excellent combination of oil and gas reserves and exploration opportunities. The Company’s approximate average oil production for 2011 was 140,000 bbl/d.
Addax Petroleum has over 1100 employees worldwide with service offices in Geneva (Switzerland) and Houston (USA), and operating offices in Lagos (Nigeria), Port-Gentil (Gabon) and Douala (Cameroon).