Technical FAQs 3

What's going on with Benin's MPU and Aframax?

The deal entails a mobile production unit (MOPU), which will be converted from a medium-sized drilling rig, and an Aframax tanker to be used as a floating storage and offloading (FSO) at the Sèmè field off the coast of Benin. Both vessels are scheduled to arrive in Benin in Q4 2025.

Who is akrake petroleum Benin?

Akrake Petroleum Benin, an affiliate of Singapore’s Rex International Holding Limited, has signed contracts to use two vessels for a field development offshore Benin.

Who owns octogone trading in Benin?

The government of Benin holds a 15% and Octogone Trading a 9% interest in the field. As disclosed by Rex, its subsidiary aims to submit a field development plan to the Ministry of Energy, Water, and Mines and restart production in the field in the second half of 2025.

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