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Addax Petroleum has never been able to get anywhere close to that production figure. Addax Petroleum is currently the 2nd largest oil producer in Cameroon, the 4th largest in Gabon. Addax Petroleum used to be the 5th largest in Nigeria. The TTOPCO Joint Venture company (together with Genel Energy) was the largest oil producer in Iraqi Kurdistan.
Owel–Linkso Group obtained approval from the Nigerian National Petroleum Corporation to progress the project in July 2010. The company had earlier signed a Heads of Agreement with Addax Petroleum Development (Nigeria) Limited, APDNL, in 2004, to develop and operate an LPG plant at Izombe in the OML 124 area.
Energy Inc. of the United States won the rights to these blocks and, in March 2006, the company signed a series of production-sharing agreements with the JDADA and several petroleum and gas companies, among which were Addax Energy Nigeria Limited, Addax Petroleum (Nigeria offshore 2) Limited, Addax Petroleum Resources Nigeria Limited, Sinopec ...
Addax Petroleum, Shell and ChevronTexaco have been operating in OML 53 and OML 124 in neighbouring Izombe. [21] The then Senate Committee Chairman on Gas Resources, Senator Osita Izunaso said by the time Addax starts oil activity in their latest Njaba 2, the company could be producing about 15,000 to 20,000 barrels per day in Imo State. [22]
Total Petroleum Nigeria Limited (TPNL): A joint venture between NNPC (60%) and Elf (now Total) produced approximately 125,000 barrels per day (19,900 cubic metres per day) during 1997, both on and offshore. Elf and Mobil are in dispute over operational control of an offshore field with a production capacity of 90,000 barrels per day (14,000 ...
In 1987, Gandur founded the Addax and Oryx Group (AOG) which focused on oil production in Africa, primarily Nigeria. [5] He was chairman and CEO of Addax Petroleum until its takeover by Sinopec Group in August 2009 for US$7.3 billion.
As it’s the case in neighbouring oil rich Oru West and Oguta LGAs, Oru-East has been proven rich in crude oil and gas. [5] As of 2010, production projection from Addax Petroleum, already operating in Njaba River basin under Oil Mining License, OML 124, [3] [6] was placed at about 15,000 to 20,000 barrels of oil per day from Awo-omamma in the council area.
Jean Claude Gandur, president and chief executive officer of Addax Petroleum, was extremely proud to report the leading Njaba oil discovery. The field has potentials of being one of the company's largest fields in Nigeria as well as capable of developing the economy of Njaba river basin, Imo State and Nigeria when developed. [1]