Lime Petroleum, a subsidiary of Rex International Holding, is making inroads in its quest to boost hydrocarbon production by pursuing drilling activities off the coasts of Benin and Norway and progressing its conversion of a mobile offshore production unit (MOPU) in Dubai, and the delivery of a floating storage and offloading unit (FSO) on schedule for production to kick off in the next quarter.
Borr Drilling’s Gerd jack-up rig; Source: Crystal Offshore Middle East
Akrake Petroleum Benin, Limeโs wholly-owned subsidiary and operator of the Sรจmรจ field, began drilling the first of three wells at the field using Borr Drillingโs Gerd jack-up drilling rig on August 4, 2025, marking the start of a 100-day three-well work program for the development project in Block 1, which covers 551 square kilometers in shallow water ranging from 20 to 30 meters.ย
The firm also confirmed that the conversion of the MOPU in Dubai was progressing according to plan, with dry docking and underwater work completed, enabling the installation of process equipment onto the vessel to start. The delivery of the MOPU to Akrake and the dry docking of the FSO, contracted in April, are on schedule for the start of production in Q4 2025.
Discovered by Union Oil in 1969, the Sรจmรจ field was first developed by Norwayโs Saga Petroleum, producing approximately 22 million barrels of oil between 1982 and 1998, before production was stopped due to low oil prices in the late 1990s.
Regarding activities across assets in which it holds a stake in Norway, Lime has revealed that the OKEA-operated Brage platformโs production exceeds expectations, as concurrent drilling operations continue at Brage and Bestla, which is tied back to the Brage asset.
A three-well campaign is being pursued in the Talisker area on the northern reaches of the Brage field to test the deeper layers in the Talisker area, better delineate the currently producing Oseberg section in the Talisker area, and add a production well in the Oseberg formation.
Lars B. Hรผbert, Chief Executive Officer of Lime, emphasized: โWe are excited about achieving first oil in Benin, elated about the surge in production at Brage and the prospect of Bestla coming onstream in Norway, and anticipate the prospect of executing on our plans to increase production in Schwarzbach/Erfelden in Germany.
โThe heightened activity is in line with our strategy to drive up production rates in our portfolio in the short-term.โ
๐๐๐ค๐ ๐ญ๐ก๐ ๐ฌ๐ฉ๐จ๐ญ๐ฅ๐ข๐ ๐ก๐ญ ๐๐ง๐ ๐๐ง๐๐ก๐จ๐ซ ๐ฒ๐จ๐ฎ๐ซ ๐๐ซ๐๐ง๐ ๐ข๐ง ๐ญ๐ก๐ ๐ก๐๐๐ซ๐ญ ๐จ๐ ๐ญ๐ก๐ ๐จ๐๐๐ฌ๐ก๐จ๐ซ๐ ๐ฐ๐จ๐ซ๐ฅ๐!
๐๐จ๐ข๐ง ๐ฎ๐ฌ ๐๐จ๐ซ ๐๐ข๐ ๐ ๐๐ซ ๐ข๐ฆ๐ฉ๐๐๐ญ ๐๐ง๐ ๐๐ฆ๐ฉ๐ฅ๐ข๐๐ฒ ๐ฒ๐จ๐ฎ๐ซ ๐ฉ๐ซ๐๐ฌ๐๐ง๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐ก๐๐๐ซ๐ญ ๐จ๐ ๐ญ๐ก๐ ๐จ๐๐๐ฌ๐ก๐จ๐ซ๐ ๐๐ง๐๐ซ๐ ๐ฒ ๐๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐ญ๐ฒ!