Rex International Holding Ltd. (SG:5WH) has released an update.
Rex International Holding’s subsidiary Lime Petroleum AS, along with its partners, has decided to proceed with the Brasse Field development project in Norway. The field, soon to be named Bestla, is expected to start production in the first half of 2027 with an estimated plateau production of approximately 26,000 barrels of oil equivalent per day. This marks a significant milestone for Lime as their first development project.
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