Rex International Holding Limited has announced that its subsidiary, Lime Resources Germany GmbH, has received approval for its Main Operating Plan for the Steig Field from the Mining Authority of Baden Württemberg. The approval, granted on 18 August 2025, allows Lime Resources to proceed with development plans, including drilling up to seven wells and installing testing facilities, with operations potentially starting in the second half of 2026.
The Steig Field, first tested in the 1950s, showed promising results in 2019 when an appraisal well confirmed the presence of hydrocarbons. Independent assessments estimate 1.6 million barrels of oil equivalent (mmboe) in the Meletta Formation and 12 mmboe in the Pechelbronnerschichten reservoir, with additional prospective resources deeper in the structure.
The approval is valid until 31 May 2027, during which Lime Resources will also need to secure additional permits, particularly concerning environmental protections. The company is negotiating for a land plot near Weingarten, Karlsruhe, for the production site.
Roel Huneker, Deputy Managing Director of Lime Resources Germany, expressed satisfaction with the approval, highlighting the support from the Mining Authority. Lars B. Hübert, Managing Director of Lime Resources Germany, emphasised the company’s commitment to adhering to strict environmental regulations whilst advancing their production plans.
This development marks a significant step for Lime Resources, aligning with their strategy to explore and produce hydrocarbons efficiently and sustainably. Test production from Steig is anticipated to commence in the first half of 2027.
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