(Business in Cameroon) - On November 7, 2014, subsidiary of the largest oil and gas group in China, Sinopec, Addax Petroleum, proven to be the most active company in upstream in Cameroon, indicated that it has increased its net production by 40% since acquiring, on October 31, 2011, an 80% stake in   Pecten Cameroon Company LCC which became Addax Petroleum Cameroon Company LLC.

It has stated that it implemented an active drilling method to better exploit Mokoko Abana oil field’s value, improving production by increasing averaging yield from 15,000 to 18,500 bopd.

The subsidiary of Asia’s largest refinery, the number three in the world, has stated that it has optimised its oil recovery in fields that have reached their maturity where production was at a freefall in 2011. In the Mokoko Abana oil field, Addax helped to reverse this trend, increasing production by 20%.

The oil and gas company notes that Mokoko Abana is over 30 years old and has over 130 drilled wells, 90 of which are still in production while the other 20 are either closed or abandoned.

According to Addax Petroleum, old oil fields like Mokoko Abana have to be exploited with innovative techniques. The oil company explains that, using in-house expertise, it was able to reduce operational costs and increase production by using solutions adapted for this kind of context. Sinopec’s subsidiary plans to replicate the Mokoko Abana experiment elsewhere in Camroon as well as in other fields worldwide.