Rex International unit signs rig contract with Borr Gerd

It will be used for a 120-day drilling campaign in Benin.

Rex International’s subsidiary, Lime Petroleum Holding (LPH) AS, has signed a contract with Borr Gerd Limited for a modern-built jack-up rig to be used for a 120-day drilling campaign in Benin.

The Sèmè Field in Benin is operated by Akrake Petroleum Benin S.A. (Akrake), a wholly-owned subsidiary of LPH.

Akrake, which holds 76% working interest in the Sèmè Field, aims to submit a field development plan to the Ministry of Energy, Water and Mines and restart production in the second half of 2025.

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