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Addax Petroleum

Addax Petroleum is a subsidiary of the Sinopec Group, one of the largest oil and gas producers in China, the biggest oil refiner in Asia and the third largest worldwide.

Founded in 1994 upon leading petroleum industry expertise, Addax Petroleum's mission is to create value through successful exploration, development and production of oil and gas resources whilst contributing to the socio-economic development of its host societies and maintaining environmental sustainability. The Company aims to grow its business through reinvestment and strategic acquisitions in Africa, the Middle East, the North Sea and any other areas with proven potential, supported by long-lasting relationships with all its stakeholders.

Addax Petroleums assets are located in Nigeria, Gabon, Cameroon, the Kurdistan Region of Iraq and the UK North Sea, comprising an excellent combination of oil and gas reserves and exploration opportunities. The Companys approximate average oil production for 2013 was close to 170,000 bbl/d.

Representing over 30 different nationalities, the Addax Petroleum group has over 1000 employees worldwide and approximately 1000 additional employees work for our joint venture companies, Talisman Sinopec Energy UK Ltd and Taq Taq Operating Company.

Respect for people and cultural diversity form the underlying principles to develop and maintain effective relationships, mutual trust, and confidence. By establishing this as a priority, Addax Petroleum has nurtured three core values:

1. Integrity through Action

2. Harmony through Diversity

3. Value Creation through Excellence

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