COTONOU  (AFP) – Benin said Thursday that it had discovered 87 million barrels of oil off its coast, a tiny amount compared to neighbouring Nigeria’s reserves, but which could boost the small country’s economy.
“We have discovered oil in a significant commercial quantity with Sapetro company which works on Bloc 1 of the sedimentary basin off Seme Podji coast”, energy minister Barthelemy Kassa told AFP.
Sapetro is a Nigerian gas exploration and production company.
Its chief executive, Daisy Danjuma, wife of a former Nigerian army chief Theophilus Danjuma, said that first commercial oil production will begin in late 2014.
Kassa said the discovery would help to finance the country’s development projects.
“It is a historic discovery for our country because this will enable us to finance our development projects,” he stated.

http://www.vanguardngr.com/2013/10/benin-discovers-87-mn-barrels-oil/

Its like Asari is blessed with oil. Anywhere he goes oil follows him. Danjuma is another silent man.

chai!!! our oyel wells don dey leak oooo

This is a good news for Nigeria because it means we've joined the rank of successful international oil explorers. Sapetro is a Nigerian company owned by T.Y. Danjuma.

abagoro: Its like Asari is blessed with oil. Anywhere he goes oil follows him. Danjuma is another silent man.

Stop this rough play@ Asari! I agree though, Sapetro on more dough.

Musiwa,where you dey ? How did your satellite miss this? Oya,let's move to our Republic. The time is now.

Congratulations to Benin Republic. I hope they use the earnings of the oil production wisely and it shouldn't lead to a civil war.