About Cameroon precision drilling rig fleet manufacturer
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5 FAQs about [Cameroon precision drilling rig fleet manufacturer]
Does Addax have a jack-up drilling rig in Cameroon?
Under the contract, Addax will deploy ADES’ advanced Admarine 510 jack-up drilling rig at its primarily operated fields located offshore Cameroon. The agreement marks the resumption of significant exploration activities by Addax in Cameroonian waters after years of inactivity.
Will Saudi oil & gas contractor Ades be able to drill in Cameroon?
Saudi oil and gas drilling contractor ADES Holding has signed a $34.4 million agreement with Addax Petroleum, a subsidiary of Sinopec Group, to commence drilling operations in the Gulf of Guinea, offshore Cameroon, Business in Cameroon reports.
Is addax a major oil producer in Cameroon?
Addax Petroleum is a major oil producer in Cameroon, with its most significant proven reserves located offshore in the Rio del Rey basin. Between 2011 and 2021, Addax invested $1.221 billion in exploration and production projects across the country, enabling the development of 27 drilled wells and 6 exploration wells, according to government data.
Why did Ades expand to Cameroon?
ADES, which operates a robust fleet of 91 drilling platforms, recently expanded into the offshore waters of Nigeria, where it is building capacity for optimized regional operations. Farouk added that “Cameroon offers a stable operating environment, which complements our broader regional strategy.”
Is Cameroon a good place to invest in oil?
Farouk added that “Cameroon offers a stable operating environment, which complements our broader regional strategy.” Addax Petroleum is a major oil producer in Cameroon, with its most significant proven reserves located offshore in the Rio del Rey basin.