Post #451

Benin Reopens the National Treasure 🫂 Ghana, hoping to extended the life of its oil fields to 2040 and thereby remain in the oil producers league, may finally no longer feel alone in West Africa: by the end of the month, Singapore-based Akrake Petroleum wants to relaunch oil production at the 56-year old Sèmè field in Benin. 🦖 Benin’s offshore field is a true dinosaur, keenly sensing weakness among its Ghanaian counterparts, which were discovered in the 2010s and are already threatening to run dry by 2035. The Sèmè field is a contemporary of the Moon landing: it had been discovered in 1969, produced oil since 1982 and was shut down in 1998. 🚢 The Beninese have not obtained their own refinery since then, which is logical. But all the necessary infrastructure for exports by sea is already in place, which is very convenient. All thanks to the pipeline from Niger, through which Benin already exports oil, albeit for now not its own. ➡️ Follow to stay informed - @devilsbelow