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.

Read our latest insights on:

• Oman