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Rex International joint venture awarded 5 new offshore licences in Norway

Published on Jan 22, 2014 9:59 AM

A joint venture between Singapore-listed Rex International Holding and Malaysia's Hibiscus Petroleum has won five new offshore licences in Norway, Rex said on Wednesday.

Lime Norway was awarded the licences in predefined areas in the North Sea, Norwegian Sea and Barents Sea.

It will be working with four operators: Lotus Exploration and Production Norway, Noreco Norway, OMV (Norge) and Edison International Norway Branch.

The licences were identified using Rex Virtual Drilling, a direct hydrocarbon indicator, said Lime Norway's chief executive Ivar Aarseth.

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