Offshore staff
OSLO, Norway – Rex International Holding has issued an update on the exploration plans of its 90%-owned subsidiary Lime Petroleum in the Norwegian sector.
In late August, Lime will participate in a well operated by Equinor on the Appolonia prospect in the PL263 D/E license, pending government approval.
The concession is on the Halten Terrace area in the Norwegian Sea, close to established production infrastructure.
Next summer Lime will also partner with INEOS in the potentially high-impact Fat Canyon well in PL937, targeting a high-volume stratigraphic prospect with anticipated reservoirs in the Jurassic and Cretaceous.
In February 2021, Aker BP and its partners (Lime 30%) are due to take a drill-or-drop decision on PL818B - if they decided to drill, a well could follow by early 2022.
Concurrently, Lime is on the lookout for opportunities to farm into wells scheduled for near-term drilling.
07/17/2020
