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 is targeting to achieve first oil by end-2019.

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Norway

The Rex International Holding Group has been holding interests in licences in Norway since 2013. In January 2019, subsidiary Lime Petroleum AS announced the monetisation of its interests inPL338C, PL338E and PL815, after the successful production test well at the Rolvsnes discovery in PL338C, which also further de-risked [...]

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Rex Virtual Drilling

Rex Virtual Drilling ("RVD") is a highly advanced, 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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