Singapore-headquartered Rex International Holding Limited has revealed ambitious growth plans for its subsidiary, Lime Petroleum Holding AS, focusing on assets in Norway, Benin, and Germany. Lime Petroleum, which operates through its subsidiaries Akrake Petroleum Benin SA, Lime Petroleum AS, and Lime Resources Germany GmbH, is set to enhance its production capabilities and streamline operations across these regions.
In Benin, Akrake Petroleum is preparing to commence drilling in July 2025 at the Sèmè Field, with production anticipated to start in the fourth quarter of 2025. The project aims to produce approximately 16,000 barrels of oil per day, utilising a Mobile Offshore Production Unit and a Floating Storage & Offloading unit.
Norway’s Brage Field, where Lime Petroleum AS holds a 33.8434% interest, continues to outperform expectations. Recent discoveries and ongoing tie-back operations are set to boost production, with combined output from the Yme and Brage Fields expected to reach between 10,000 and 11,000 barrels of oil equivalent per day in 2025.
In Germany, Lime Resources Germany GmbH is focusing on the Erfelden area, with plans to increase production at the Schwarzbach Field. The company aims to drill two new wells in late 2025, potentially adding 500 barrels per day to its output by January 2026.
Lime’s CEO, Lars B. Hübert, highlighted the company’s strategic use of expertise across geographies, stating, “Lime and its subsidiaries are poised for an exciting autumn, with several high-impact operations taking place from the second half of 2025.”
These developments underscore Lime Petroleum’s commitment to leveraging its technological and operational expertise to enhance production and shareholder value across its global assets.
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