Middle East

Rex’s Lime Farm in Norwegian Offshore Block

Lime Petroleum, a subsidiary of Rex International, has completed a 20% farm in to the respective licenses PL867 and PL867BGjegnalunden from operator AkerBP in the Norwegian region of the North Sea.

Lime currently holds a 20% stake in each of the two licenses. TThe PL867 / B Gjegnalunden license is located in a prolific area of ​​the Utsira High area of ​​the North Sea, where lime has a wealth of experience.

The license is adjacent to PL818 / B Orkja and Lime has a 30% stake. The offshore license is also located 12km west of the Ivar Aasen field, also operated by AkerBP.

Gjegnal unden excavation in H2

According to Rex, the license includes several prospects, with Gjegnalunden prospects having the highest priority.

Exploration excavations in the Gjegnalunden outlook targeting reservoirs in the Jurassic section may be in late 2022.

“Success at Gjegnalunden will further reduce the risks associated with PL867 / B and other prospects of adjacent PL818 / B,” Rex said.

Lars HübertLime’s Chief Executive Officer, said: “We are pleased to partner with AkerBP on the PL867 and PL867B. We look forward to digging into Gjegnalunden’s outlook in late 2022. Farming-in to these licenses follows Lime’s strategy of infrastructure-driven exploration. Given its proximity to the Ivar Aasen field, the findings at Gjegnalunden will constitute a high-value barrel. ”

Brague Farm Inn

In another statement, Rex also completed Lime’s acquisition of a 33.8434% stake in Brazifield, operated by Wintershall Dinorghe AS, and five licenses on the Norwegian continental shelf across Brazifield for post-tax consideration. I notified you that you did. US $ 42.6 million from Repsol.

Brage is the first manned platform operated by Wintershall Dea in Norway. Located 125 km west of Bergen in the northern North Sea, it is one of Norway’s oldest production platforms.

First discovered in 1980, the oil field began production in 1993 and has been in operation ever since. When Wintershall Dea (then Wintershall) took over the operatorship from Statoil (now Equinor) in 2013, the platform was allowed to extend its lifespan to 2030. In 2020, about 1.38mm boe or 3,800 boepd was produced from Brage Field. Working interest.

https://www.oedigital.com/news/493278-rex-s-lime-farms-into-norwegian-offshore-blocks-run-by-aker-bp-wintershall Rex’s Lime Farm in Norwegian Offshore Block

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