URL: http://mbendi.co.za/cybeoi.htm
Name: Oil Industry Profile
Source: WoprldEnergy
Description:
The upstream oil industry is a key sub-element in the Benin economy. Current reserves are
estimated to be 100 million barrels of crude. 1994 production was 275 thousand tonnes of crude.
Two wells in the offshore Seme oil field off Cotonou have been producing up to 8,000 b/d since
1982 although in the 1990's production has tapered off to around 5,000 b/d. A production sharing
agreement has recently been signed with the Argentine company, Pluspetrol. The operator of the
field will receive 45% of oil profits.
The upstream oil industry is a key sub-element in the Benin economy. Current reserves are
estimated to be 100 million barrels of crude. 1994 production was 275 thousand tonnes of crude.
Two wells in the offshore Seme oil field off Cotonou have been producing up to 8,000 b/d since
1982 although in the 1990's production has tapered off to around 5,000 b/d. A production sharing
agreement has recently been signed with the Argentine company, Pluspetrol. The operator of the
field will receive 45% of o
Type: Auction
Person: Hugh Evans