Rex International Holding

Rex International Holding Limited is a multinational oil and gas exploration company with its headquarters in Singapore. It is one of the largest companies by market capitalisation listed on the Singapore Exchange’s secondary board, Catalist.

It holds rights to explore oil and gas in Oman and the UAE in the Middle East, Norway, Trinidad & Tobago, Australia and the US. It has interests in more than 20 offshore and onshore concessions covering an aggregate area of about 26,000 sq km in regions known for previous oil and gas discoveries.

The Company’s key differentiator is its suite of proprietary and innovative exploration technologies, Rex Technologies, originating from the Company’s Swedish founders. These include the game-changing Rex Virtual Drilling technology, the world’s first liquid hydrocarbon indicator using resonance seismology, which enables the Group to ‘see oil in the ground’ by pinpointing the location of oil reservoirs in the sub-surface. Through the exploration accuracy of Rex Technologies, the oil discovery success rate is substantially higher than traditional methods.

Wholly-owned subsidiary Rex Technology Management Ltd provides Rex Virtual Drilling screening services to partners and clients for a fee, while Rex International Holding has been using the Rex Technologies to farm-in to assets at attractive terms and de-risk its portfolio of exploration and development assets.

The Company also owns 66.7 per cent of the unique Rexonics ultrasound technology from Switzerland that is used for well-bore cleaning, which allows for significantly increased oil production in wells that have issues with clogging and deposits. Both Rex International Holding and the joint venture for Rexonics stand to reap from cross-selling business opportunities.