Rex International Holding refers to the press release dated 5 March 2026 by its subsidiary, Lime Petroleum Holding, which announced the following:
'Lime Petroleum Holding ('LPH') is pleased to announce that the hook-up of the Mobile Offshore Production Unit (MOPU) and the Floating Storage and Offloading unit (FSO) on the Sèmè Field in Benin has been completed. Over the previous week, the FSO Kristina was anchored in place. This week, a flow-line has been laid from the Stella Energy 1 MOPU to the FSO. Commissioning of the production system is well underway, with oil now flowing into the FSO.
Over the next several days, further testing and commissioning will take place, with the aim to optimise production rates and start regular production.'
Lime Petroleum Holding (LPH) is an indirect 89.74 per cent subsidiary of Rex. Akrake Petroleum Benin S.A., the operator of the Sèmè Field, is an indirect wholly-owned subsidiary of LPH.
Source: Lime Petroleum Holding
