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Rex International Holding Ltd. ( (SG:5WH) ) just unveiled an announcement.
Rex International Holding Ltd. has announced updates regarding its ongoing three-well drilling campaign in the Sèmè Field, Benin. The project has faced technical challenges causing delays, but efforts are underway to resolve these issues with production expected to commence by the end of December 2025. The arrival of the Floating Storage & Offloading unit and the upcoming Mobile Offshore Production Unit are key developments in the project, which is operated by Akrake Petroleum Benin S.A., a subsidiary of Rex.
More about Rex International Holding Ltd.
Rex International Holding Ltd. is a Singapore-incorporated company operating in the oil and gas industry. It focuses on exploration and production activities, primarily through its subsidiaries, with a significant stake in the Sèmè Field in Benin.
Average Trading Volume: 14,057,739
Technical Sentiment Signal: Buy
Current Market Cap: S$216.2M
For an in-depth examination of 5WH stock, go to TipRanks’ Overview page.