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Benin’s Experience with Petroleum Development: A Small Country’s Perspective

By
Gabriel Dansou-Lokossou
Gabriel Dansou-Lokossou
Senior Petroleum Engineer Benin, Africa
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Published:
January 01, 2000

Abstract

Benin is a small, coastal West African country located between the petroliferous countries of Nigeria and the Cote d’Ivoire. Its sedimentary geology is a result of the separation of South America from Africa during the Mesozoic and, as such, is similar to that of its neighbors in this portion of West Africa. Early exploration efforts by UNOCAL discovered the marginal Sèmè oil field which, following negotiations, was returned to the government.

Subsequent efforts by the government to put its only petroleum discovery into production have resulted in a series of contractual, managerial, and financial issues, the resolution of which has resulted in a very strong, positive learning experience for the government in the management of its petroleum sector. These have involved the creation and subsequent privatization of a national oil company several exploration promotion projects, accessing the international financial markets, and the use of international contractors and advisors.

During this time, the Sèmè field has been produced to exhaustion, and the remaining related issues of decommissioning and exploration of the deeper potential reserves currently are under resolution. Exploration continues and the government has become adept at dealing effectively and proactively with the smaller international oil companies, while at the same time protecting its own financial and contractual interests.

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Contents

International Oil and Gas Ventures: A Business Perspective

George E. Kronman
George E. Kronman
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Don B. Felio
Don B. Felio
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Thomas E. O’Connor
Thomas E. O’Connor
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Mindy S. Kronman
Mindy S. Kronman
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American Association of Petroleum Geologists
ISBN electronic:
9781629810683
Publication date:
January 01, 2000

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