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Addax Petroleum's addiction is black gold. The company specializes in exploring and producing oil and gas, focusing on regions in West Africa and the Middle East. Addax Petroleum, which has properties in Nigeria, Gabon, Cameroon, and the Kurdistan region of Iraq, produces about 137,000 barrels of crude oil a day. In 2008 Addax Petroleum reported proved and probable reserves of 536.7 million barrels of oil equivalent and held 4.4 million acres of exploration, development and production properties. That year the company was acquired by China's Sinopec for about $7.5 billion.
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| | | Contact Information | |
Address: |
16, av. Eugène-Pittard
CH-1211 Geneva, Switzerland
| | Phone: | +41-22-702-94-00 | | Fax: | +41-22-702-95-90 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2008): | 4607.00 M | | Revenue Growth (1 yr): | 62.80% | | Employees (2008): | 864 | | Employee Growth (1 yr): | 17.90% |
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Key People
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President, CEO, and Director:
Jean C. Gandur
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COO:
James Pearce
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CFO:
Michael Ebsary
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