Mainboard-listed oil exploration and production company Rex International Holdings has released its production update from its Norway and Oman oil fields for November.
According to the group, production from Norway and Oman totalled 10,160 barrels of oil equivalent per day (boepd) in November, up 1.3% m-o-m from the 10,027 boepd recorded in October.
In a Dec 10 announcement, Rex’s subsidiary Lime Petroleum AS (LPA) says production at the Brage and Yme Fields combined, net to LPA, stood at 7,493 boepd in November. This is down from 7,637 boepd in October.
Currently, LPA holds a 33.84% and 10% in Brage field and Yme field, respectively. The operator of the Brage field is OKEA ASA, while Repsol Norge AS operates the Yme field.
For the Brage field, LPA says a new well commenced production, while another well was completed as planned in mid-November.
LPA adds: “For both fields, there were scheduled and unscheduled shut-ins for well intervention, as well as other maintenance & technical well management and testing activities that were in the ordinary course of operations during the month.”
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In a separate announcement, Masirah Oil Limited (MOL), another Rex subsidiary, says gross production from its Yumna field in offshore Block 50 Oman amounted to an average of 2,667 stock tank barrels per day (stb/d) over November’s 30-day production period. This is up from an average of 2,555 stb/d in October.
MOL is also the operator and holds a 100 per cent interest in Block 50 Oman.
Shares in Rex International Holdings closed flat at 12.2 cents on Dec 10.
