Addax has finished the exploratory and appraisal stages on the asset and is targeting first oil by early 2016 as part of its strategy of reaching 100,000 barrels per day in Nigeria.
The Sinopec-owned exploration and production firm produces 42,330 barrels per day in Nigeria from the adjacent OML 126, which began production in March. Both blocks are located 90 kilometres offshore, south of Port Harcourt in water depths of 50 metres to 210 metres. OML 137 is expected to produce light oil similar to that discovered in OML 26’s Okwori and Nda fields. Addax is the 100 percent owner and operator of OML 137.
In Nigeria Addax operates as Addax Petroleum Development Nigeria.
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
Seatrium has been awarded a contract by SBM Offshore for the topsides fabrication and integration of an additional FPSO vessel… Read More
Diamond Offshore has secured a USD 350-million extension for an ultra-deepwater drillship deployed for Anadarko Petroleum in the US Gulf… Read More
This website uses cookies.