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Rex International pens MOPU and FSO deal for Benin oil field

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Akrake Petroleum, a subsidiary of Rex International, has signed contracts for a mobile production unit (MOPU) and an aframax tanker to be used as an FSO unit for the company’s field development in Benin.

According to the company, the MOPU will be converted from a medium-sized drilling rig. Following the conversion, the unit will be equipped with a purpose-built process package. Both the rig and the FSO are expected to arrive in Benin during the fourth quarter of 2025.

Akrake is the operator of the Sèmè field in Benin. At the beginning of this month, Lime Petroleum – the owner of Akrake Petroleum and another subsidiary of Rex International – signed a deal to use Borr Drilling’s Gerd jackup for a 120-day drilling campaign in the country.

Akrake holds an approximately 76% working interest in the Sèmè field and aims to submit a field development plan to Benin’s Ministry of Energy, Water and Mines and restart production in the field in the second half of 2025.

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