Rex International Holding Limited (“Rex International Holding”, “Rex”
or the “Company”, and together with its subsidiaries, the “Group”), a technology-driven oil
exploration and production company, wishes to announce that its 91.65 per cent subsidiary Lime
Petroleum AS (“Lime”) has been pre-qualified as an operator on the Norwegian Continental Shelf
(NCS) by the Norwegian Ministry of Petroleum and Energy on 28 March 2023, following the
completion of a pre-qualification process which started in April 2022.
Mr Lars Hübert, Chief Executive Officer of Lime, said, “The pre-qualification as operator marks an
important milestone for Lime, as it is a confirmation that Lime has built a competent organisation for
all major functional areas. We have grown from strength to strength over the years, from a pure oil
and gas exploration company with partner status, to one with production assets, and now with
operator pre-qualification. We aim to expand on this trust and will continue to build a stronger
presence on the NCS, actively seeking new opportunities to enhance our asset portfolio. Lime now
also looks forward to using this operator status for further value creation.”
