Rex International subsidiary Lime Petroleum and partners to develop Brasse field in North Sea

A consortium including Lime Petroleum AS, a 91.65% subsidiary of Rex International Holding 5WH 5WH, has made its final investment decision to develop the Brasse field in the North Sea as a tie-back to the Brage field.

The Brasse development, known as PL740, is located 13 kilometres south of the Brage field in the northern North Sea. It is estimated to contain 24 million barrels of oil equivalent gross in recoverable reserves.