Lime Petroleum, a subsidiary of Rex International Holding, received a 25% interest in license PL1279 as part of the APA 2025 round. This award, which includes the Vette discovery, represents an opportunity to be developed alongside the existing infrastructure of the Yme field. Repsol Norge AS leads the license as operator with 55%, while ORLEN Upstream Norway AS holds the remaining 20%.
The Norwegian Petroleum Directorate awarded a total of 57 production licenses during this round, of which 31 are located in the North Sea. North Sea. Lime’s strategy of focusing on mature areas close to infrastructure has been key to capitalizing on opportunities such as this one.
Lime Petroleum moves forward with production at Talisker
Within the Brage field, the Talisker well has commenced production following the completion of a three-well campaign initiated in July 2025. This program included one exploration, one appraisal and one production well. Operations progressed on schedule, and preliminary results have been encouraging.
In August 2025, commercial oil discoveries were made in the Cook and Statfjord formations of the Talisker well. Initial estimates place the combined recoverable resources between 16 and 33 million barrels of oil equivalent.
The Brage Unit is comprised of OKEA ASA (35.2%), Lime Petroleum (33.8434%), DNO Norge AS (14.2567%), Petrolia NOCO AS (12.2575%) and M Vest Energy AS (4.4424%).
Bestla campaign successfully completed technically and operationally
Another important milestone has been the completion of the development of PL740 Bestla as an extension of the Brage Brage field. Drilling was completed in 129 days using the rig Deepsea Yantai rig under the coordination of OKEA ASA. Accomplishments include more than 16 kilometers drilled, including 10 within the reservoir, and delivery of the first multilateral well (MLT) by the operator.
The wells were safely suspended and will be ready to receive the Christmas tree during the third quarter of 2026, indicating considerable technical progress in the management of the field.
Focused exploration and use of advanced technology
Since its founding in Oslo in 2012, Lime Petroleum has been committed to intelligent exploration in mature areas, using advanced seismic data and proprietary technology such as Rex Virtual Drilling. Its prequalification as an operator in 2023 has allowed it to expand its presence with a rigorous and strategic technical approach in the Norwegian Continental Shelf.
The combination of awards such as PL1279, the entry into production of Talisker and the execution of campaigns such as Bestla reflects an active, diversified portfolio aligned with the objectives of sustainable expansion in Norwegian waters.
Source and photo: Lime Petroleum