Rex International Holding Raises Fund for Drilling Campaign Offshore Oman

published:10/12/2025 10:06 GMT

Singapore-based Rex International Holding has announced that its subsidiary, Jasmine Energy Limited, has successfully raised US$25 million through senior secured bonds with a three-year tenor to support a drilling campaign in Oman’s offshore Block 50. The offshore Block 50 concession is a key asset of Rex International Holding and is operated by its subsidiary Masirah Oil Limited. The approximately 17,000sqkm offshore block is located in the Gulf of Masirah, east of Oman. Proceeds from the bond...More