Lime Petroleum gives up 3 licenses after North Sea failure

Lime Petroleum Norway AS, a jointly-controlled entity of Malaysia-based Hibiscus Petroleum Berhad and Singapore-based Rex International Holding, decided to surrender three licenses in the North Sea, the companies said on July 24. Oil_platform_in_the_North_Sea

The licences hit their drill or drop deadline on July 23. All three licenses -PL509S, PL509BS and PL509CS- were located in the North Sea off the coast of Norway.

Read more: PetroGlobal News

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