The expansion of oil exploration activities in West Africa continues with a particular focus on Benin. While the country is not yet a major oil producer, it has been implementing strategies to discover commercially exploitable hydrocarbon deposits. In this context, the oil services company TGS has been hired to conduct 3D seismic surveys over a 2,248 km² offshore area in Benin. These surveys aim to enhance the understanding of underwater geological structures and provide valuable information for potential investors.
The role of TGS in Benin’s offshore exploration
The announcement made on October 22, 2024, by TGS highlights the importance of new seismic data in the oil exploration process. By providing high-quality images of the geological structure, TGS allows Beninese authorities to better understand the hydrocarbon potential of this area. This information is crucial in attracting new players to the sector, particularly in a regional context where countries like Niger and Nigeria already have well-established oil infrastructures.
The National Hydrocarbon Company of Benin (SNH) is behind this contract, aiming to increase the chances of significant oil discoveries, with the hope of transforming the country’s energy sector. So far, Benin’s efforts to explore its oil resources have not been as fruitful as those of its neighbors. However, authorities hope to change this dynamic through partnerships with companies like TGS.
Benin’s energy ambitions
Benin has already produced around 22 million barrels of oil in the past, mainly from the Sèmè field. However, oil production remains low, which has led the government to intensify its search for larger deposits. The area targeted by TGS’s seismic surveys represents new hope for reviving the oil sector, leveraging the technological and scientific expertise of the company.
In parallel, the presence of other actors like the Singaporean company Rex, which holds a majority stake in Block 1 of Sèmè, underscores the growing interest in Benin’s offshore resources. These companies play a key role in the development of the sector, particularly by submitting development plans for potential sites.
A long-term strategy for Benin’s offshore sector
Offshore oil exploration represents a strategic issue for Benin. The expansion of available seismic data is a crucial step in strengthening the country’s credibility in the international energy market. With underexploited natural resources and a favorable geographic position in West Africa, Benin could become an increasingly influential player in the oil industry, provided that current efforts lead to profitable discoveries.
The success of TGS’s operations could also encourage other oil companies to invest in the region, thereby consolidating Benin’s place in the regional energy sector.
