Rex International Holding Ltd. ( (SG:5WH) ) has issued an announcement.
Rex International Holding Ltd. has announced the preparation of an independent summary qualified person’s report for the H6 Reservoir in Sèmè Field, Block 1, offshore Republic of Benin. The report outlines a phased redevelopment plan starting in mid-2025, which includes drilling vertical and horizontal wells to exploit the reservoir. The production system will utilize a flexible setup with a drilling platform, a Mobile Offshore Production Unit, and a Floating Storage and Offtake unit. The report highlights the company’s strategic efforts to enhance productivity and optimize resource extraction, potentially impacting its market position and stakeholder interests.
More about Rex International Holding Ltd.
Rex International Holding Ltd. is a Singapore-based company operating in the oil and gas industry. The company focuses on exploration and production activities, leveraging advanced technologies to enhance oil recovery and optimize operations.
YTD Price Performance: 22.50%
Average Trading Volume: 24,288,305
Technical Sentiment Consensus Rating: Hold
Current Market Cap: S$187.5M
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