Addax starts Nda field production

Offshore staff

Nigeria-First production from Addax Petroleum's Nda field development program started on July 30. The addition of this Nda field production has raised Addax's gross daily oil production to 102,200 b/d, marking the first time that Addax's production has exceeded 100,000 b/d.

The Nda Field lies in OPL-90, adjacent to the Okwori field and approximately 90 km south of the Nigerian coastal town of Port Harcourt. Discovered by Addax Petroleum in July 2004, the field is being developed as a subsea tieback to the Okwori FPSO following an extended well test. Addax received governmental approval for the Nda field development plan in February of this year.

"We are delighted and proud of these two concurrent achievements which underline our commitment to growth through the development of our resources," said Jean Claude Gandur, president and CEO of Addax Petroleum. "In the growth cycle of any E&P company, exceeding 100,000 b/d marks a coming of age."

08/02/2006