Singapore-listed Rex International is confident of a near-term output boost from the Yumna field on Oman’s offshore Block 50 operated via its Masirah Oil subsidiary. Output via an FPSO began in January 2021 (MEES, 21 February 2021) with production typically shipped to Asian markets.

Executive chairman Dan Brostrom says that the company’s current key focus is to optimize production and increase reserves to take advantage of high oil prices and “current economic and geopolitical circumstances”. This comes after output dwindled from a peak of 12,700 b/d in March 2021 to just 2,200 b/d for February this year due to 2H21 work on “reservoir and fluid flow optimization” followed by a 24-day shut-in during February and March as Masirah replaced the FSPO to enable “greater liquid handling capacity and longer time in the field.” Output has never come close to the previous facility’s 30,000 b/d capacity. (CONTINUED - 400 WORDS)