Benin: Onshore farm-in


Issue 388 - 14 Mar 2019 | 1 minute read

United Oil & Gas Plc has signed an option agreement with Elephant Oil to farm in to onshore Block B in the Dahomey Embayment, potentially taking a 20% interest in the production-sharing agreement. United has agreed to fund passive seismic and field studies up to a value of $175,000. Completion of the passive seismic programme is being targeted for April. If United chooses to exercise the option, then the company will farm in taking a 20% interest and will fund 30% of the non-drilling and 20% of the drilling costs in the Phase 1 work programme, as well as reimbursing back costs.

Tagged with:

Pin Resources

Pin Benin

Want to read more?

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register