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Benin Offshore Oil Production Resumes After Three Decades
Market Intelligence Analysis
AI-Powered
Why This Matters
Oil production is set to resume in Benin, a West African country, after a 28-year hiatus, with Akrake Petroleum expecting to start production by the end of January 2026.
Market Impact
Market impact analysis based on bullish sentiment with 90% confidence.
Sentiment
Bullish
AI Confidence
90%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Oil production offshore Benin, Nigeria’s neighbor to the west, is set to begin by the end of January, the field operator said on Monday in what would be the first oil from the redeveloped field after it was shut down in 1998. Akrake Petroleum expects to start production at the Seme Field in Block 1 offshore Benin at the end of January 2026, when it completes the drilling of production well AK-2H in the reservoir section, set to start early this week, Akrake’s indirect owner, Singapore-based Rex International Holding Limited, said…
Original article published by
OilPrice.com
on January 12, 2026.
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Analysis and insights provided by AnalystMarkets AI.