Project Profile
Value: Undisclosed
Location: 60km off the coast of Benin
Start-up Year: -
Area: 7,400 km²
Water Depth: 200 to 3,000 metres
In February 2011, Petrobras arrived in Benin, which is on the Western coast of Africa, after acquiring 50% stakes in Block 4. The deal was made with Compagnie Béninoise des Hydrocarbures (CBH), a Lusitania Petroleum subsidiary, which holds the remaining 50% interest in the venture. The block covers an area of approximately 7,400 km², is at water depths ranging from 200 to 3,000 metres, and at an average of 60 km off the coast.
Petrobras hopes to find light oil there and reproduce other discoveries we made in exploratory activities on the African continent. CBH remains the operator of the oilfield. However, Petrobras has the right to take control of the operation. The work commitment includes 3D seismic imaging and processing of a 2,250 km² area. Once the exploration potential of the area is confirmed, the consortium will commit to drilling three wells there.
Operators:
Compagnie Béninoise des Hydrocarbures (CBH): Operator with 50% interest
Petrobras: 50% interest