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Rex maps out plan to develop North Sea licences

PC Lee Published on Mon, Apr 17, 2017 / 11:11 AM GMT+8

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SINGAPORE (April 17): Rex International Holding has mapped out areas under its North Sea licences off Norway for development using its virtual drilling technology.

Development feasibility studies are being carried out on the Edvard Grieg South (Rolvsnes) (EGS) discovery under licence PL338C, which is independently valued to have up to 77.9 million barrels of oil and up to 78.7 billion standard cubic feet of natural gas.

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