Addax considered for Bakassi plan

Addax: The Chinese-owned company already operates in Cameroon and Nigeria, Nigerian delegation head Prince Bola Ajibola said.

Cameroon and Nigeria have agreed to jointly exploit any oil and other cross-border reserves found in the Bakassi peninsula, with Nigeria proposing Chinese-owned explorer Addax Petroleum to handle the work.

Newsletter signup


Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?