Jack-Up Drilling Rig Contract Signed For Multi-Well Programme In Yumna Field, Oman

Rex International Holding Limited (“Rex International Holding”, “Rex” or the “Company”, and together with its subsidiaries, the “Group”), refers to the press release issued on 29 January 2026 by its indirect subsidiary Masirah Oil Limited, which announced the following:

“Muscat, 29 January 2026: Masirah Oil Limited (“MOL”) today announced that its parent company, Rex Oman Ltd., has signed a contract for the Energy Emerger jackup drilling rig, operated by Northern Offshore Drilling Operations Ltd. The rig will be used by MOL to perform drilling of three development wells in the offshore Yumna Field in Block 50, Oman.

The Energy Emerger, which was also used in MOL’s 2024 drilling campaign, will perform a multi-well programme. The programme is expected to start in March 2026.

MOL is an indirect 87.5 per cent subsidiary of Jasmine Energy Limited (“JEL”).

Mr Mike Hopkinson, General Manager of MOL, said, “With funding and the rig now in place, we are focused on executing this drilling programme seamlessly to drill new producer wells to increase oil flow rates and extend the lifespan of the Yumna Field in Block 50 Oman.”

MOL is the Operator and holds a 100 per cent interest in Block 50 Oman.”

About Rex International Holding
Rex International Holding Limited (“Rex International Holding”, “Rex” or the “Company”, and together with its subsidiaries, the “Group”) is a multinational oil exploration and production (“E&P”) company listed on Singapore Exchange Securities Trading Limited’s Mainboard. The Group has interests in exploration and production licences in Norway, Germany, Oman and Benin, and holds operatorship for the assets in Oman, Benin and Germany. The Group de-risks its portfolio of exploration and development assets using its proprietary liquid hydrocarbon indicator Rex Virtual Drilling technology, which can identify liquids in the sub-surface using seismic data.