Oil and Gas World

OML123 is Addax Petroleum’s largest licence area as measured by reserves and production and is located offshore approximately 60 km south of the town of Calabar in the south-eastern part of Nigeria, in the Gulf of Guinea.

Description

• Covers an area of 90,700 acres (367 km2) in water depths ranging from 3 to 40 m

• Contains nine producing oil fields (Adanga, Oron West, North Oron, Ebughu and extensions, Adanga North Horst, Inagha, Kita Marine, Bogi and Mimbo), one undeveloped oil field (Antan) three unappraised oil discoveries (Adanga East, Adanga West and Ebughu NE-A), a large 8,600 acre (35 km2) undeveloped gas discovery (Oron) and several exploration prospects