The Business Times
SUBSCRIBERS

Rex to drill eight wells in 2015

google-preferred-sourceAdd BT as a preferred source
Published Mon, Feb 9, 2015 · 09:50 PM

    Singapore

    CATALIST-listed oil exploration and production firm Rex International said it plans to take advantage of the lower cost of drilling services and participate in the drilling of eight wells this year: three in Norway, two in Oman, two in Trinidad, and one in Germany.

    In an operational update released on Monday, CEO Mans Lidgren said that Rex's current limited oil production levels mean it is less affected by falling oil prices.

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More