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Rex to further develop Norway, Oman discoveries for 'greater rewards'

Oil and gas outfit intends to tap debt financing for its share of development costs

Mr Lidgren says the focus is now on raising the required funding for developing the resources found off Oman and Norway. He indicates that Rex is looking to lease and deploy a production jack-up for the field development in Block 50 in Oman.


CATALIST-listed oil and gas (O&G) Rex International intends to go the full nine yards of bringing its first two discoveries into production by tapping debt financing for its share of development costs.

Chief executive Mans Lidgren told The Business Times that Rex can...

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