Rex International changes tack in Oman
MUSCAT, October 3, 2018 – Rex International will not farm out part of its stake in Oman’s offshore Block 50 in light of positive results from reprocessed seismic data.
The Singapore-based company is now aiming to commence production in the second half of 2019.
Executive chairman Dan Brostrom delivered the news in a statement on Tuesday, following the completion of feasibility and concept studies on its discovery well, GA South1. In 2014, the well was the site of Oman’s first offshore discovery.