Rex International Holding Ltd. (SG:5WH) has released an update.
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Rex International Holding’s subsidiary Lime Petroleum has officially submitted a $571 million development plan for Norway’s Bestla Field, aiming to tap into an estimated 24 million barrels of recoverable reserves. The field development, scheduled to begin operations in the first half of 2027, involves a technologically advanced two-well subsea system linked to the nearby Brage platform, with expected peak production of about 26,000 barrels per day.
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