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ID - United Oil & Gas signs option to farm into Benin PSC - March 2019



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United Oil & Gas has signed an option to farm into a 20% stake in a production sharing contract held by Elephant Oil in Benin. The block lies within the Dahomey Embayment and covers 4,590 sq km west of Benin’s largest city, Cotonou, and continuing to the Togo border. Data from Elephant’s Block B is limited to a single seismic line and a gravity gradiometry survey. Elephant has identified the Allada structure as a prospect.   Under the option agreement, United......
 
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