Meanwhile, the Yme Field only sold oil in December as the produced gas is being used for production operations and re-injected into the reservoirs for improved oil recovery, LPA added.
Another one of Rex’s subsidiaries, Masirah Oil Limited, announced that gross production from the Yumna Field in offshore Block 50 Oman amounted to an average of 2,465 stock tank barrels per day (stb/d) over the 31 days in December 2024. Masirah Oil has a 100% stake in Block 50 Oman.
Shares in Rex International closed 0.3 cents higher or 2.34% up at 13.1 cents on Jan 6.
