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Lime Petroleum

Description

Lime Petroleum has established a balanced exploration portfolio in all provinces of the Norwegian Continental Shelf.

‍Lime Petroleum is a small and fast growing exploration company established in 2012. The Company was pre-qualified in February 2013 and has since then grown a portfolio of exploration licences on the Norwegian Continental shelf. 

‍Lime Petroleum have built a strong portfolio of licenses focusing on infrastructure led-exploration, with both high impact prospects and high value prospects. The company's goal is to grow their portfolio further through licensing rounds and farm-ins and to participate in 1-3 exploration wells per year. ‍Lime Petroleum use state-of-the-art data and technology, and in addition to market seismic attributes, the company use an in-house DHI in the frequency domain, named “Rex Virtual Drilling” (RVD).

Lime Petroleum's strategy is to explore for, develop and produce hydrocarbons, primarily focused on oil, on the Norwegian Continental Shelf in close cooperation with their operators and the authorities.

Owners

Lime Petroleum's shareholders are Rex International Investments Pte. Ltd. (at 91.7%), a wholly owned subsidiary of Rex International Holding Limited, and Schroder & Co Banque SA (at 8.3%).

Rex is a fast-growing independent Exploration and Production oil company listed in Singapore. The company has concessions in two E&P companies, Lime Petroleum AS in Norway and Masirah Oil Ltd in Oman. The company's key differentiator is its suite of technologies, including Rex Virtual Drilling, Rex Gravity and Rex Seepage, which allows Rex to de-risk its assets, grow its portfolio and form powerful partnerships.

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Related news

Lime Petroleum to acquire interest in Brasse Field, Norway
07/11/2023
Lime Petroleum Participates In North Sea Exploration Well
12/01/2023
Lime Petroleum farm downs 10% interests in two North Sea licences
06/07/2022
Lime Petroleum acquires 40 per cent interests in two North Sea licences
20/04/2022
Lime Petroleum provides update on Norway operations
08/11/2021
Lime Petroleum announces Norway North Sea Farm-in agreements
11/08/2021
Lime Petroleum acquires interest in producing Brage Field in Norway
18/06/2021

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