Rex International Holding: March 2026 Production Update – Key Investor Highlights

Overview

Rex International Holding Limited (“Rex” or the “Company”), a multinational oil exploration and production (E&P) company listed on the Singapore Exchange, has released its production update for March 2026. The Group, which has assets in Norway, Oman, Germany, and Benin, reported a total combined production of 10,083.6 barrels of oil equivalent per day (boepd) from Norway, Oman, and Germany for the month. This update provides granular insights into field-level output, operational events, and the status of Rex’s key assets.

Key Points in the Report

• Total Group Production (March 2026): 10,083.6 boepd.
• Brage Field, Norway (Lime Petroleum AS):
  • Net production to Lime Petroleum AS (LPA): 9,304 boepd.
  • LPA holds a 33.8434% working interest in Brage. The operator is OKEA ASA.
  • There were both scheduled and unscheduled shut-ins during the month, considered routine operational events.
• Yme Field, Norway:
  • LPA holds a 25% interest in the Yme Field (operator: Repsol Norge AS).
  • Production figures for March 2026 were not available at press time, which may be a point of uncertainty for shareholders.
• Yumna Field, Block 50 Oman (Masirah Oil Limited):
  • Gross production for March: 742 stock tank barrels per day (stb/d).
  • MOL is the operator and holds a 100% interest in the field.
• Germany – Schwarzbach and Lauben Fields (Lime Resources Germany GmbH):
  • Combined net production: 37.6 barrels of oil per day (bopd).
  • Schwarzbach Field: 100% owned and operated by LRG. Production was shut-in from 25 February for planned recertification and maintenance, with operations resuming on 20 March 2026.
  • Lauben Field: 50% interest held by LRG, operated by ONEO GmbH & Co.KG. Only oil is sold; produced gas is used onsite for heating.

Potential Share Price Sensitive Information

• Production Impact at Brage Field: Although production at Brage remains strong (9,304 boepd net to LPA), the mention of scheduled and unscheduled shut-ins, even if routine, is noteworthy. Shareholders should monitor future updates to assess if these operational interruptions affect longer-term output or profitability.
• Missing Data from Yme Field: The absence of March production data from the Yme Field introduces uncertainty and could affect investor confidence until figures are published or clarified.
• Schwarzbach Field Restart: The Schwarzbach Field in Germany restarted production on 20 March after a planned maintenance shutdown. Any delays or issues in restarting could have affected short-term output.
• Low Output from Oman: The Yumna Field in Oman produced only 742 stb/d for the month. Given the field is 100% owned by Rex’s subsidiary, investors may watch production trends closely for signs of decline or recovery.

Strategic and Operational Context

• Rex International continues to operate a diversified portfolio across Norway, Oman, Germany, and Benin, holding operatorship in all assets except Brage and Yme in Norway.
• The Group’s ability to maintain production above 10,000 boepd despite operational interruptions and maintenance events demonstrates resilience, but ongoing operational stability and data transparency—especially from Yme—remain critical for investor sentiment and valuation.

Conclusion

March 2026 production results reaffirm Rex’s position as a significant mid-cap E&P company. However, uncertainties such as missing data from Yme, routine operational shut-ins, and relatively modest output from Oman and Germany, highlight areas investors should monitor. Any material changes or clarifications in these areas could impact future share price performance.

Disclaimer: This article is based on publicly available information as of April 2026. It contains forward-looking statements, which are subject to risks, uncertainties, and assumptions that may cause actual results to differ materially. Investors are advised not to place undue reliance on these statements and to consult their financial advisors before making investment decisions. This article does not constitute investment advice or an offer to buy or sell securities.

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