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Rex: Akrake Petroleum Completes Seme Field Production Well.
03 Feb 2026 14:03Rex International Holding Limited's indirect subsidiary Akrake Petroleum Benin S.A. has completed the drilling of the AK-2H production well in the Seme Field in Benin. A total of 1,405 metres was drilled horizontally through the reservoir section, with a total of approximately 950 metres of oil-saturated reservoir sandstone of the Abeokuta Formation of Cretaceous age, informally called H6. The remainder is non-reservoir shale. No water-bearing sand was encountered. The well was geo-steered using advanced Logging While Drilling tools to ensure the well only encountered oil-bearing reservoir sandstone. The reservoir quality is in line with expectations, with an average porosity of over 19 per cent and an average oil saturation over 70 per cent...
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Source: ShareInvestor Express
