Lime Petroleum is a small, dynamic exploration oil company. Since the company was established in 2011 we have secured an attractive license portfolio in the Middle East and Norway. Read more...


Aquire stake in new licence

Oslo, Norway, 21 February 2014 – Lime Petroleum Norway AS (“Lime Norway”) has on 20 February 2014 signed an agreement with North Energy ASA (“North Energy”) to acquire a 20 per cent stake in a new licence in Norway, PL509CS. North Energy was awarded operatorship of the licence in Predefined Areas (“APA”) on 21 January 2014. The acquisition of the 20 per cent stake in PL 509CS is pending regulatory approval.

21.02.2014

Award of 5 new licences

OSLO, Norway, 22 January 2014 – Lime Petroleum Norway AS (“Lime Norway”) is pleased to annonce that it has been awarded five new offshore licences in the 2013 Awards in Predefined Areas (APA 2013). The APA 2013 saw 48 companies being offered participation in a total of 65 new production licences on the Norwegian shelf; a new record both in the number of production licences and the number of companies.

22.01.2014

Capital Injection

Oslo, Norway, 9 January 2014 Lime Petroleum Norway AS (“Lime Norway”) is pleased to announce that our owners Rex International Holding and Hibiscus Petroleum Berhad through its subsidiaries Rex Middle East and Gulf Hibiscus Limited have on 8 January 2014 injected capital amounting to an aggregate of USD 16 million (NOK 100 million) into Lime Norway. The capital injection is done through their joint controlled entity Lime Petroleum Plc. Lime Petroleum Plc remains the sole shareholder in Lime Norway after the capital injection.

09.01.2014

Stake increase in PL498

Oslo, Norway, 19 December 2013 - Lime Petroleum Norway AS (“Lime Norway”) is pleased to announce that we today have signed an agreement with North Energy to acquire their 20% stake in PL498. After the transaction Lime Norway will hold a 25% stake in PL498. The transaction is pending regulatory approval.

 

19.12.2013


Who

Lime Petroleum is a small, dynamic exploration oil company. Since the company was established in 2011 we have secured an attractive license portfolio in the Middle East and Norway. Our 3 major share holders are...

What

Lime Petroleum explores for oil by combining best practice exploration methodology with our own proprietary technology and work processes. We seek to explore our licenses in an expedient and efficient manner. 

When

Since 2010, Lime Petroleum has acquired licenses in the Middle East and Europe for offshore and onshore exploration. In March 2011 Rex Oil & Gas acquired offshore Block 50 in Oman and offshore...