OPERATIONS REVIEW Yumna Field, Oman In 2024, the Group's subsidiary in Norway acquired more interest in the Yme Field, increasing its stake from 10 per cent to 25 per cent. Three new licences were awarded, including a first carbon capture and storage licence. The Plan for Development and Operation (PDO) for the Bestla (previously known as Brasse) Field was approved, with first oil expected in 2027. A bond issue was carried out, followed by a tap issue. In Oman, a multi-well drilling campaign was completed ahead of schedule and below budget. Efforts continued in Benin to submit a Field Development Plan so that production can be restarted as soon as possible in the discovered Sèmè Field in Block 1. The Group also added assets in Germany to its portfolio during the year. Rex International Holding Limited 2 1
RkJQdWJsaXNoZXIy NTM2MDQ5