Rex International has revealed that its indirect subsidiary, Akrake Petroleum, is set to begin production at the Sèmè Field in Block 1, Benin by the end of January 2026. This development marks a significant milestone for the company, which has been working towards this goal for some time.
The Sèmè Field, located offshore, is expected to enhance Akrake Petroleum’s production capabilities significantly. The announcement was made by Rex International, highlighting the strategic importance of this project in expanding their operational footprint. The commencement of production is anticipated to bolster the company’s output and contribute to meeting growing energy demands.
This move is part of Rex International’s broader strategy to optimise its resources and increase its market presence. The Sèmè Field project is seen as a critical component in achieving these objectives, promising to deliver substantial returns once operational.
The announcement underscores the company’s commitment to advancing its production capabilities and underscores the potential for future growth. As the project progresses, stakeholders will be keenly observing its impact on the company’s performance and the broader energy market.
