Addax drilled 16 wells and produced about 5.8 million barrels in 2025. The operator has committed $528.7 million on the Iroko and Mokoko Abana ...

Sinopec’s Addax Petroleum Development (Nigeria) Limited yesterday handed over its four major oil mining blocks in the country, announcing its departure from the country in the process. This follows ...

Addax Petroleum has acquired a 50% interest and operatorship in the Gryphon Marin license area subject to final Government of Gabon approval. Addax Petroleum Corporation has acquired a 50% interest in ...

The company hopes to be recognised as a local indie working closely with NNPC subsidiary Nigerian Petroleum Development Corporation to exploit marginal prospects. The new venture, which will focus on ...

Addax Petroleum Corp. said Thursday that it has entered into an underwriting agreement and filed and obtained a receipt for a final short form prospectus relating to the distribution of 13,000,000 ...

Nigeria's Department of Petroleum Resources (DPR) has revoked four oil mining licences (OML) belonging to Addax Petroleum because the Chinese-owned player has failed to push ahead with developing ...

fter fulfilling closing obligations, NNPC Limited (NNPCL) and Addax Petroleum Development (Nigeria) Limited have amicably terminated their 24-Year Production Sharing Contract Relationship. Chief ...

LAGOS, Nov 1 (Reuters) - Nigeria's NNPC Ltd said on Tuesday Sinopec's Addax Petroleum Development (Nigeria) Ltd had exited from its four major oil mining blocks in Nigeria and transferred them to the ...

HOUSTON, Dec. 9 – Addax Petroleum Corp., Calgary, has spud the Oki East exploratory well in Block 4 of the Nigeria-Sao Tome & Principe Joint Development Zone in the Gulf of Guinea. Drilling is ...

HOUSTON, July 20-- Addax Petroleum Corp., Calgary, agreed to pay $1.6 billion (Can.) for the two main subsidiaries of Pan-Ocean Energy Corp. Ltd. of St. Helier, Jersey. The units, PanAfrican Energy ...