Country report
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13 Pages

Benin upstream summary

Benin upstream summary

Report summary

Benin is a small country located to the west of Nigeria. The country's only commercial field, Sèmè, ceased production in 1998, before resuming in 2015. Only 18 exploration and appraisal wells have been drilled in Benin.Benin shares similar geology to offshore western Nigeria, but its position at the eastern end of the West African Transform Margin (WATM), with a narrow continental shelf and steep drop off to ultra-deep water, makes the prospectivity uncertain. ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 557.74 KB 13 Pages, 2 Tables, 6 Figures
  • Country Overview XLS - 93.00 KB


Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
    • Keta-Togo-Benin basin
      • Reservoirs, Traps and Seals
      • Source Rocks
  • Exploration
    • Licensing
      • Onshore
      • Shallow Offshore
      • Deep Water
    • Drilling
      • Drilling activity
      • Future Drilling
  • Reserves and resources
  • Production
    • Oil/Liquids
  • Infrastructure
    • Introduction
  • Policy and regulation
    • Key legislation
    • State participation
    • Licensing
      • Exploration Licence
      • Production Licence
  • Fiscal terms
    • Overview
    • Upstream
    • Mid/Downstream
      • Pipelines
      • Gas Utilisation
    • Current fiscal terms
    • Production Sharing Contracts
      • State Equity Participation
      • Bonuses, Rentals and Fees
      • Indirect Taxes
      • Royalty and Other Production Taxes
      • Domestic Market Obligation (DMO)
      • PSC Cost Recovery
      • Profit Sharing
      • Contractor Revenue Entitlement
      • Product Pricing
      • Corporate (or Petroleum) Income Tax
      • Additional Profits Taxes
      • Fiscal/Contractual Ring-Fences
      • Dividend Withholding Tax
      • Other Taxes
      • Marginal Government Take
    • Historical background
      • 1970s - 1980s
      • 1990s

In this report there are 8 tables or charts, including:

  • Executive summary
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Key companies
    • Net Acreage 2015
  • Geology
    • Geology: Image 1
  • Exploration
    • Benin Licence Map
    • Exploration Drilling
  • Reserves and resources
  • Production
    • Production: Table 1
    • Liquids Production
  • Infrastructure
  • Policy and regulation
  • Fiscal terms
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