|2015-01-18 Source： Sinopecnews|
The oil filling station at SZK Field. (Provided by SIPC Kazakhstan)
Upon the delivery of PB project in 2014, SIPC Brazil introduced SIPC Kreuztal to engage in the sales of the equity oil, the new initiatives are still on the way.
In August, 2014, the crude oil of Addax Petroleum’s offshore IROKO block in Cameroon premiered in the international market. And its daily equity oil output reached a new high of 25,000 barrels. This achievement in production and sales demonstrated that Addax’s offshore assets in Cameroon began to create values and benefits.
On February 18th, 2014, Padouk-2L,an extended reach horizontal evaluation well in IROKO block in coastal ocean, was completed. The new well was soon incorporated into the whole production networks. SIPC Kreuztal was in charge of its oil sales bidding work in the international market. The first bulk of 650,000 barrels of equity oil from IROKO block was sold to Italy at a fairly competitive price.
On September 30th, 2014, SIPC Algeria signed a supplementary pact and accelerated to agree upon the oil offtake procedures. In Bejaia port, Algeria, the first shipment of equity oil amounting to 1 million barrels sailed for its destination.