Rex unit to test production from North Sea oil well in 2019

Singapore

A UNIT of Rex International Holding expects to start testing production from its Edvard Grieg South (Rolvsnes) oil well in 2019. The North Sea well may be able to yield 77.9 million barrels of oil and up to 78.7 billion standard cubic feet of natural gas.

Developmental feasibility studies are being carried out on the oil well, said the oil exploration and production firm in a filing to the Singapore Exchange on Monday morning before the market opened.