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Home›News›Addax Petroleum completes FPSO replacement ahead of schedule
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October 4, 2006 · about 20 years ago

Addax Petroleum completes FPSO replacement ahead of schedule

Addax Petroleum Corporation (TSX: AXC) (“Addax Petroleum” or the “Corporation”) today announced that it has successfully replaced the floating production storage and offloading vessel (“FPSO”) on the OML123 property offshore Nigeria, with an upgraded FPSO contracted from Fred Olsen Production AS (“F

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Addax Petroleum Corporation (TSX: AXC) (“Addax Petroleum” or the “Corporation”) today announced that it has successfully replaced the floating production storage and offloading vessel (“FPSO”) on the OML123 property offshore Nigeria, with an upgraded FPSO contracted from Fred Olsen Production AS (“Fred Olsen”) and that production on OML123 has returned substantially to pre-replacement levels.

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