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Technical Skill Acquisition Programme

Addax/NNPC to invest $3.5bn in onshore, offshore operations

Addax Petroleum Development Limited, in collaboration with the Nigeria National Petroleum Corporation, NNPC, plans to investment about $3-5 billion to optimize its operations in Nigeria and increase production from its existing assets, both onshore and offshore, part of which includes its current drilling activities in the Njaba field in the oil mining lease, OML 124.

Federal govt earned $7 billion from Addax Petroleum since 2009 – firm

Addax Petroleum Development (Nigeria) Limited, which operates Production Sharing Contract (PSC) with the Nigerian National Petroleum Corporation (NNPC) PSC has produced 425 million barrels of crude oil and generated over $7 billion in revenue to the Nigerian government since 2009 when SINOPEC took over the company.

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