Rex International subsidiary commences drilling of new exploration well in Oman

SINGAPORE (March 20): Oil company Rex International Holdings says Masirah Oil, its indirect wholly-owned subsidiary, has commenced the drilling of exploration well Karamah#1 in Oman’s Block 50.

Referring to a press release issued last Friday by Masirah, Rex International recalls that the prospect, Karamah, is targeted for a depth of about 3 km, and is located on a structural closure approximately 13 km away from the earlier GAS-1 discovery well at a water depth of 23 metres.

The well objective is to explore multiple target horizons of the Early Tertiary and Late Cretaceous formations. Its location was selected by integrating mainly the geological understanding and the proprietary multi-attribute Rex Virtual Drilling technology.

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