Lime Petroleum AS

Lime Petroleum is a small and fast-growing full cycle exploration and production company established in 2012. The Company was pre-qualified in February 2013 and has since then grown a portfolio of exploration and production licenses on the Norwegian Continental shelf. In 2021 The Company expanded from a pure exploration company to a full cycle exploration and production company. Our offices are located at Skøyen in Oslo.

We have built a balanced portfolio of licenses in frontier and mature areas. Our goal is to grow our portfolio further through licensing rounds and farm-ins and to participate in 1-3 exploration wells per year. We use state-of-the-art data and technology, and in addition to market seismic attributes, we use an in-house DHI in the frequency domain, named “Rex Virtual Drilling” (RVD).

Lime Petroleum is committed to a sustainable future engaging in projects that aim at lowering our carbon footprint. The Company is taking part in a project for Carbon Capture and Storage (CCS) as well as actively participating in initiatives to reduce CO2 emissions from operations where we are involved.

Our parent company Rex International Holding is also engaged in initiatives to lower the carbon footprint of its operations.

Lime Petroleum's strategy is to explore for, develop, and produce hydrocarbons, primarily focused on oil, on the Norwegian Continental Shelf in close cooperation with our operators and the authorities.

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