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Rex Int'l forms JV for oil production technology

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

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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

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