Rex International Holdings subsidiary Masirah Oil has spudded an exploration well on Block 50, off the coast of Oman.
Rex, which holds an 86.37% holding in Masirah, confirmed Tuesday drilling had started on the Zakhera-1 well, about 12 kilometres to the south of the Yumna field.
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“The location of the Zakhera exploration well has been selected after much careful consideration,” Rex chairman Dan Brostrom said.