Benin upstream summary Report

Country Report 28 March 2025

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Report summary

No production since the Sèmè field in 1998 - Benin is a small country located to the west of Nigeria. The Sèmè field, Benin's only commercial oil field, ceased production in 1998. This closure marked the end of oil production in Benin. Despite efforts, no new discoveries have been made in the country since then.Benin manages its oil and gas industry through a production sharing contract (PSC) regime - This system includes royalty payments, with the government ...

Executive summary
Key facts
Location maps
Key companies
Geology
- Geology Introduction
- Keta-Togo-Benin basin
  - Reservoirs, Traps and Seals
  - Source Rocks
Exploration
- Licensing
  - Onshore
  - Shallow Water
- Drilling
  - Drilling activity
  - Future Drilling
Reserves and resources
Production
- Oil/Liquids
- Gas
Infrastructure
- Introduction
  - West Africa Gas Pipeline
Policy and regulation
- Key legislation
- State participation
- Licensing
  - Exploration Licence
  - Production Licence
  - Relinquishment
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
  - 7 more item(s)...
- Historical background
  - 1970s - 1980s
  - 1990s