Addax Petroleum

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Market Cap:
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In brief

Addax Petroleum Corporation is a leading international oil and gas exploration & production (E&P) company with assets and teams spanning four continents. The Company has a strategic focus on Africa , Europe and the Middle East, and has been part of the Sinopec Group of companies since August 2009. 


Addax Petroleum has an ambitious growth strategy and aims to produce 500,000 bopd by 2015, up from a 2012 average production of 168,645 bopd. 


As of 31st December, 2012, the Addax Petroleum group had 1,125 employees worldwide, as well as 271 contractors working at its various sites. 


In addition about 1000 employees work for Addax Petroleum’s joint venture companies, Talisman Sinopec Energy UK Ltd (TSEUK) and Taq Taq Operating Company (TTOPCO), in which Addax Petroleum holds minority stakes.