Rex International Holding Limited, through its indirect subsidiary, Masirah Oil Limited (MOL), has announced the signing of a jack-up rig contract to support offshore development drilling in Oman.
According to the statement, MOL’s parent company, Rex Oman Ltd., has contracted the Energy Emerger jack-up drilling rig, operated by Northern Offshore Drilling Operations Ltd. The rig will be used to drill three development wells in the offshore Yumna Field, located in Block 50, Oman.
The Energy Emerger was previously deployed during MOL’s 2024 drilling campaign and will now be utilised for a multi-well programme scheduled to commence in March 2026. The upcoming campaign is intended to support increased production and enhance long-term field performance.
MOL is an indirect 87.5% subsidiary of Jasmine Energy Limited (JEL) and acts as the operator of Block 50, holding a 100% interest in the licence.
Commenting on the development, Mike Hopkinson, General Manager of Masirah Oil Limited, said, “With funding and the rig now in place, we are focused on executing this drilling programme seamlessly to drill new producer wells to increase oil flow rates and extend the lifespan of the Yumna Field in Block 50 Oman.”
The drilling programme forms part of Rex Group’s ongoing efforts to optimise production from its Omani offshore assets through targeted development activity.
