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Rex International’s Akrake Secures Key Assets for Sèmè Field Development

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Rex International’s Akrake Secures Key Assets for Sèmè Field Development

Confident Investing Starts Here:

An announcement from Rex International Holding Ltd. ( (SG:5WH) ) is now available.

Rex International Holding Ltd.’s subsidiary, Akrake Petroleum Benin S.A., has signed contracts for a Mobile Production Unit and an Aframax tanker to support its field development in the Sèmè Field, Benin. These assets are expected to arrive in the fourth quarter of 2025, with production anticipated to restart in the second half of 2025, marking a significant step in the company’s operational expansion and strengthening its position in the region.

More about Rex International Holding Ltd.

Rex International Holding Ltd. is a company involved in the oil and gas industry, focusing on exploration and production activities. The company, through its subsidiaries, operates in various regions and is engaged in developing oil fields, such as the Sèmè Field in Benin.

YTD Price Performance: 4.13%

Average Trading Volume: 31,291,128

Technical Sentiment Signal: Buy

Current Market Cap: S$164.1M

For detailed information about 5WH stock, go to TipRanks’ Stock Analysis page.

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