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OML 126 (formerly OPL 90)

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Owner: Addax Petroleum

Shore Type: offshore

Block Rights: OML

OML126 and OML137 are two contiguous blocks located 90 km offshore, south of Port Harcourt, in water depths ranging between 50 m and 210 m. Combined, they represent Addax Petroleumís largest Nigerian properties as measured by area and also account for the majority of the companyís recent production growth. Production from OML126 commenced in March 2005 and averaged 35,000 bbl/d in 2011. OML137 is an exploration and appraisal property. To date there has been no production from, and there are no production facilities on, OML137.

Working Interests

*Addax Petroleum | 100.000%

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