Akrake signs contracts for offshore Benin field redevelopment

Rex International Holding’s indirect subsidiary Akrake Petroleum Benin has signed contracts for the planned Sèmè Field development offshore Benin.

These cover the supply of a mobile offshore production unit (MOPU), which will be converted from a mid-sized drilling rig, and an Aframax tanker that will serve as a floating storage and offloading (FSO) unit.

Following conversion, the MOPU will be fitted with a purpose-built process equipment package. Both facilities should arrive in Benin during the fourth quarter of this year.

Akrake is a wholly owned subsidiary of Lime Petroleum Holding. Earlier in April, Lime signed a contract for a modern jackup to conduct a 120-day drilling campaign on the field. Akrake, which has a 76% operated interest in Sèmè, plans to submit a field development plan to Benin’s Ministry of Energy, Water and Mines, and restart production from the field later this year.