Offshore Energy · April 6, 2026 (4h ago) · 1 min read

Asian multi-well drilling campaign bumped to May

Analysis

OilCyprus Editorial

Jasmine Energy (JEL), a subsidiary of Rex International, has delayed its offshore Oman multi-well drilling campaign to the second quarter of 2026. This delay impacts Rex International's near-term production outlook and potential revenue streams from the Omani offshore block.

Key Facts

The drilling campaign is planned off the coast of Oman.
Jasmine Energy (JEL) is a subsidiary of Rex International.
The campaign has been delayed to Q2 2026.

Market Impact

The delay could negatively impact investor sentiment towards Rex International in the short term. It may also affect the company's capital expenditure plans and projected production volumes. The delay could also potentially open up opportunities for competitors in the region.

Why This Matters for Cyprus

This delay affects the timelines and potential returns for Rex International's Omani offshore project, impacting investment decisions and regional exploration strategies.

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