Addax Acquires New Oil Production Vessel

Addax Petroleum Corporation has announced the flag-off of a new Floating Production, Storage and Offloading vessel acquired by its subsidiary Addax Petroleu Development (Nigeria) Limited. The Sail Away Ceremony for the Knock Adoon FPSO was carried out at the Dubai Drydocks Shipyard. The Knock Adoon FPSO will replace the current Knock Taggart FPSO as Addax Petroleum’s new key crude oil production, storage and export facility in its fields in OML123, offshore Nigeria.