Rex International Provides Oman Production Update – August 2021

Rex International Holding Limited, a technology-driven oil exploration and production company, refers to the press release issued on 7 September 2021 by its 86.37 per cent subsidiary, Masirah Oil Limited, which announced the following:

“Muscat, 7 September 2021: Masirah Oil Limited (“MOL”) has announced that gross oil production in August 2021 from the Yumna Field in offshore Block 50 Oman, amounted to 10,655 stock tank barrels per day (stb/d).

Production was choked back during August to carry out the annual calibration of safety valves and for upgrades to the transfer pumps.

MOL holds a 100 per cent interest in Block 50 Oman and is the operator.”