What is the story about?
What's Happening?
Rex International Holding Ltd. has reported an average production of 12,230 barrels of oil equivalent per day from its assets in Norway, Oman, and Germany for August 2025. The production is primarily driven by the Brage and Yme fields in Norway, with additional contributions from the Yumna field offshore Oman and the Schwarzbach and Lauben fields in Germany. Lime Petroleum AS, a subsidiary of Rex, holds significant interests in the Norwegian fields, which have experienced both scheduled and unscheduled shut-ins. In Oman, Masirah Oil Ltd. operates the Yumna Field with stable output, while Lime Resources Germany GmbH manages modest production in Germany.
Why It's Important?
Rex International's diversified portfolio across multiple countries underscores its strategic approach to maintaining steady production levels despite operational challenges. The focus on Norwegian fields highlights the importance of the region in Rex's overall production strategy, contributing significantly to its output. The reinjection of associated gas in Norway for improved oil recovery and the use of produced gas for heating in Germany reflect efforts to optimize resource utilization and enhance operational efficiency.
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