Addax Petroleum wants to develop its Nigerian branch

The Chinese company Addax Petroleum, a subsidiary of Sinopec, announced its willingness to develop in Nigeria by taking over the shares of Total
in a nigerian offshore block for around 2 billion euros.

Cornelis Zegelaar, responsible for Addax Petroleum Nigeria confirmed to AFP: "Nigeria is the most important for us and the largest producer (...). When I was in Beijing last month, when I met the directors of Sinopec, they told me I had to do everything possible to ensure that operations are conducted efficiently and safely, but also that business is growing. »

The Chinese group is still little located in Nigeria where the Western majors get most of the good blocks. According to Cornelis Zegelaar, Addax Petroleum production in Nigeria is 90,000 barrels per day.