Oman
The offshore Block 50 concession in Oman is a key asset of the Group. An oil discovery in the GA South well was made in 2014, the first offshore discovery east of Oman, after 30 years of exploration activity in the area. The discovery won the “Offshore Discovery of the Year” award in Oman. The Group achieved first oil in February 2020 and Declaration of Commerciality in July 2020.
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Norway
Rex International Holding Group has been holding interests in licences in Norway since 2013. In 2021, subsidiary Lime Petroleum AS's most significant transaction was its acquisition of a 33.8434% interest in the producing Brage Field, marking its transition from pure-play exploration to a full cycle exploration and production company [...]
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Rex Virtual Drilling
Rex Virtual Drilling ("RVD") is a proprietary technology based on a set of computer algorithms for seismic data analysis to identify the presence of liquid hydrocarbons. RVD is a very useful de-risking tool for oil exploration companies. RVD works most effectively with high quality, 3D seismic data on offshore oil prospects.
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Sustainable Energy
Rex International Holding believes that oil will continue to be a demanded commodity for a long time to come. However, the Group recognises that the general trend is to move from fossil fuel towards sustainable energy.
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Investor Relations
The Group aims to provide regular, transparent and timely information on its strategy, business activities and financial performance, and to address concerns and strengthen relationships with its stakeholders.
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Email Alerts
To keep abreast with our latest news, you may wish to subscribe to the Rex International Holding Limited email alert service. Our systems will automatically send you Company Announcements and SGXNet filings.
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