You are here

Rex Int'l forms JV for oil production technology

It will hold 66.7% in Rexonic, a joint venture with Swiss company Ogsonic

Rex's CEO Mans Lidgren said: "Operating in the oil production phase, Rexonic will contribute a complementary, recurring revenue stream to Rex International Holding's main activities in oil exploration." - PHOTO: REX INTERNATIONAL HOLDING

OIL and gas exploration firm Rex International is forming a joint venture (JV) with Swiss company Ogsonic to provide a proprietary well stimulation technology to oil production and oil service companies - extending its technology offerings from oil exploration to oil production.

The JV...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to