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.
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