The company owns Rex Virtual Drilling, which is developed by its Swedish founders. Rex Virtual Drilling is a liquid hydrocarbon indicator that studies resonance information in seismic data, using unique algorithms that create 3D maps that show any correlation with the presence of oil in the ground.
The company was founded by Karl Lidgren, Hans Lidgen and Svein Kjellesvik in January 2013 and was listed on the Singapore Exchange Securities Trading Limited’s (SGX-ST) Catalyst Board in July of the same year.
The Company’s current focus is on its offshore assets in Norway and Oman, operated by its subsidiaries, Lime Petroleum AS and Masirah Oil Limited respectively. The company always operates around 3 core values: Innovation – Integrity – Entrepreneurship.
In 2018, the company’s revenue was USD 0.41 million, but by 2021 it has increased to USD 158.44 million, achieving an absolute growth rate of up to 38,829.7% with a compound annual growth rate of up to 630.2%, ranked as the fastest growing company in Asia Pacific by Financial Times in 2023.
According Wikipedia, rexih.com, ft.com
