SINGAPORE (Sept 19): Rex International Holding is seeking to turn profitable in 2020 when two of its oil wells in Oman and Norway come on stream.
On Sept 17, Rex also received a non-binding indication of interest for its concessions in Norway held under its subsidiary, Lime Petroleum.
Rex aims to start production for its Block 50 Oman oilfield in 2H19, starting with production at 5,000 bpd. Currently, Rex owns a 92.7% direct stake in this oilfield.
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