Rex oil and gas oman mlzrbkf

Rex oil and gas oman

27.02.2021

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UOB Kay Hian is keeping its “buy” recommendation on Rex International Holdings with an increased target price of 30 cents from 27 cents previously. Following the successful test production of the Yumna 1 well (Yumna), the Ministry of Oil and Gas in Oman has awarded a declaration of commerciality Oman’s Ministry of Oil and Gas has approved Masirah Oil’s field development plan (FDP) for the offshore Yumna field. Rex International, a majority stakeholder in Masirah Oil, said last week that the FDP was awarded on 12 July 2020. Offshore staff. SINGAPORE – Rex International Holding is looking to put the GA South oil discovery offshore Oman into production by the end of this year.. The company plans to finance the development in block 50 mainly through off-balance sheet financing. We thank the Ministry of Oil and Gas in Oman for their support and help in this endeavour,” said Dan Broström, Executive Chairman of Rex International Holding. Rex International Holding holds an effective interest of 86.37 per cent in Masirah Oil through its indirect wholly-owned subsidiary Rex Oman Ltd. 22/05/2018 · TOTAL S.A. (TOT) signed a natural gas resources development deal with the Government of Oman, while Rex Energy Corporation (REXX) confirmed filing for Chapter 11 bankruptcy protection.

Rex International Holding Limited is an oil exploration and production company listed on Singapore Exchange Securities Trading Limited's Catalist Board.

20/07/2020 In an update on its strategy and operations on Friday, the Catalist-listed firm said the Ministry of Oil and Gas in Oman gave the green light for the field development plan and awarded a declaration of commerciality (DOC). The DOC allows for Rex's 86.37 per cent-owned subsidiary Masirah Oil to fully develop the oil field while continuing to explore the rest of the Block 50 concession in Oman

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.

“Excerpts from UOB Kay Hian report: In 2H19, Rex is looking to turnaround into profitability in 2020 when two of its oil wells come on stream. Its Oman oil well is to start production in 2H19 with 5,000 bpd. The Rolvness oilfield is slated to start in 2020, with 7,000 bpd and this is set to increase to 14,000 bpd by end-20. Rex could generate S$32.7m net profit in 2020 if the oilfields deliver as planned. In addition, Rex has cash totalling S$56.9m as of 1H18 and it could receive S$34.5m Singapore-based Rex International Holding Limited said Oman’s Ministry of Oil and Gas recently approved the Field Development Plan (FDP) for the Yumna Field in Block 50, an offshore concession encompassing the waters around Masirah Island off the Sultanate’s east coast. A Declaration of Commerciality has also been announced for the field, effectively marking the start of commercial Oman's Ministry of Oil & Gas Extends Masirah Oil's Block 50 License to 2020 RIH Sells Partial Stakes in 2 Subsidiaries to Schroder for $9.75M Singapore-listed Rex International Holding Ups Stake Following the successful test production of the Yumna 1 well (Yumna), the Ministry of Oil and Gas in Oman has awarded a DOC to Rex and approved the Field Development plan for Yumna Field. This is significant as Rex can now fully develop Yumna while continuing to explore the rest of Block 50 Oman. Also, the concession period has been extended by 20 years. According to a Qualified Person’s OMAN authorities have approved oilfield services firm Rex International's plan to develop the Yunma field, which is part of its Block 50 licence. In an update on its strategy and operations on Friday, the Catalist-listed firm said the Ministry of Oil and Gas in Oman gave the green light for the field development plan and awarded a declaration of commerciality (DOC). Singapore-based Rex International Holding Limited said Oman’s Ministry of Oil and Gas recently approved the Field Development Plan (FDP) for the Yumna Field in Block 50, an offshore concession encompassing the waters around Masirah Island off the Sultanate’s east coast. A Declaration of Commerciality has also been announced for the field, effectively marking the start of commercial Rex International Holding is an oil and gas company headquartered in Singapore. The company's main activity is in offshore oil exploration in assets located in Oman and Norway . The company owns Rex Virtual Drilling, which is developed by its Swedish founders.

Rex International has announced that the field development plan for the Yumna Field has been approved by Oman’s Ministry of Oil and Gas on July 12.

Following the successful test production of the Yumna 1 well (Yumna), the Ministry of Oil and Gas in Oman has awarded a DOC to Rex and approved the Field Development plan for Yumna Field. This is significant as Rex can now fully develop Yumna while continuing to explore the rest of Block 50 Oman. Also, the concession period has been extended by 20 years. According to a Qualified Person’s OQ is an international integrated company with roots in Oman. We operate in 13 countries and cover the entire value chain from exploration and production to marketing and distribution of end-user products. Our fuels and chemicals are sold in over 60 countries worldwide, making us pioneers in the energy sector. Gas from the Zora Gas Field is being piped to an onshore gas processing facility in Sharjah’s Hamriyah free zone. In 2017, Sharjah Petroleum Council signed a 23-year concession agreement with Rex Oil and Gas Limited for oil and gas exploration and drilling in Sharjah’s Eastern offshore concession (at Khorfakkan and Kalba). Offshore staff. SINGAPORE – Rex International Holding is looking to put the GA South oil discovery offshore Oman into production by the end of this year.. The company plans to finance the development in block 50 mainly through off-balance sheet financing.. Rex’s 92.65% owned subsidiary Masirah Oil, which has a 100% interest in the license, has to date amassed more than $100 million in its

The signing ceremony was attended by the Minister of Oil and Gas of Oman, Mohammed bin Hamad Al Rumhi, OOC CEO, Isam Al Zadjali, Eni’s CEO, Claudio Descalzi, and Qatar Petroleum’s President and CEO, Saad Sherida Al Kaabi. Block 52 is an underexplored area with hydrocarbons potential located offshore in the southern region of Oman. Block 52

Singapore-based Rex International Holding Limited, a majority shareholder in Oman's Masirah Oil Limited, that it aims to commence production from its Block 50 Oman oilfield in the second half of Home News Rex Oil & Gas, Petroci Holding to Explore for Hydrocarbons in Offshore Block 50 (Oman) Rex Oil & Gas, Petroci Holding to Explore for Hydrocarbons in Offshore Block 50 (Oman) Business & Finance; March 1, 2011 The partnership of Rex Oil & Gas Limited, an international oil company, and Petroci Holding, the national oil company of Cote d’lvoire, … [mappress] Source:Zawya, March 1