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Addax Petroleum Corporation (Addax Petroleum) is an international oil and gas exploration and production company focused on Africa and the Middle East. Addax Petroleum has an asset base consisting of a number of producing properties in Nigeria and Gabon, and exploration and development properties and opportunities in West Africa and the Kurdistan Region of Iraq. Addax Petroleum operates and holds a 100% interest in these properties. Addax Petroleum is the operator of the Gryphon Marin license area which covers a gross area of 2,409,200 acres (9,750 square kilometers) and is immediately north of Addax Petroleum's Etame Marin license, offshore Gabon. In June 2008, Addax Petroleum acquired an additional 18% working interest in the Iris Marin license area offshore Gabon by the acquisition of a subsidiary of Sterling Energy plc. Addax Petroleum holds a 51.33% working interest in the Iris Marin license area and is the operator.
Addax Petroleum Corporation - Oil & Gas - Deals and Alliances Profile
Summary
Addax Petroleum Corporation (Addax Petroleum) is an international oil and gas exploration and production company. It is formerly known as Addax Petroleum, Inc. Addax Petroleum is operating mainly in the African and the Middle East regions. It is engaged in exploration and production of oil in Nigeria, Gabon, Iraq and Cameroon. The company's crude oil production has increased from an average 8,800 barrels per day in 1998 to 136.5 Mbbl/d (million barrels per day) in 2008. The company is headquartered at Calgary in Alberta, Canada. Recently, in May 2009, Addax Petroleum announced acquisition of assets onshore Gabon.
The Addax Petroleum Corporation - Oil & Gas - Deals and Alliances Profile is an essential source for company data and information. The profile examines the company's key business structure and operations, history and products, and provides summary analysis of its key revenue lines and strategy as well as highlighting the company's major recent financial deals.
Scope
- Provides key company information for business intelligence needs
- Gives information on the company's major recent financial deals including Mergers and Acquisitions, asset transactions, PE/VC deals, equity offerings, debt offerings and partnerships.
- Data is supplemented with details on the company's history, key executives, business description, locations and subsidiaries as well as a list of products and services and the latest available company statement.
Reasons to buy
- A quick "one-stop-shop" to understand the company.
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- Understand and respond to your competitors' business structure, strategy and prospects through.
- Understanding the key deals which have shaped the company.
Addax Petroleum Corporation - Oil & Gas - Deals and Alliances Profile: http://www.companiesandmarkets.com/r.ashx?id=O572D6634166609
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