Masirah Oil Ltd (“MOL”) holds 100 per cent of the Block 50 Oman, an approximately 17,000 sq km offshore concession located in Gulf of Masirah, east of Oman. First oil was achieved in Block 50 in February 2020 and the approval of Field Development Plan for the Yumna Field and the award of Declaration of Commerciality ("DOC") were obtained on 12 July 2020. The DOC will enable MOL to fully develop the Yumna Field while continuing to explore the rest of Block 50 Oman.
MOL is a subsidiary of Rex International Holding Ltd (“Rex”), which holds an effective interest of 86.37 per cent through its indirect wholly-owned subsidiary Rex Oman Ltd. Other shareholders of MOL include Schroder & Co Banque S.A. at 8.82 per cent and PETROCI, the national oil company of Cote D’Ivoire, at 1.83 percent.
Rex is an oil exploration and production company listed on Singapore Exchange Securities Trading Limited’s Catalist Board. The Company de-risks its portfolio of exploration and development assets using its proprietary liquid hydrocarbon indicator Rex Virtual Drilling technology. Rex is active in Oman and Norway through its subsidiaries Masirah Oil Ltd and Lime Petroleum AS respectively.
Rex International Holding Limited is an oil exploration and production company listed on Singapore Exchange Securities Trading Limited's Catalist Board.
Lime Petroleum AS is an Oslo-based pre-qualified oil exploration company established in 2012, with a portfolio of licences focusing on mature areas close to existing oil and gas infrastructure in the Norwegian Continental Shelf. Lime owns 30% of the Shrek discovery.
Rex Technology Management is the technology arm of the Rex Group which offers Rex Virtual Drilling screening services to oil exploration companies around the world.
Mr Hans Lidgren is the Chairman of Masirah Oil Ltd. He is also one of the founders of the Rex Group and a major shareholder of Rex International Holding Limited.
Mr Lidgren has extensive experience in the oil and gas industry. Since the early 1980s, Mr Lidgren has utilised satellite altimeter data in oil exploration which enabled major oil and gas findings. Mr Lidgren also developed Rex Technologies, comprising Rex Gravity, Rex Seepage and Rex Virtual Drilling, the Rex Group’s proprietary liquid hydrocarbon indicator.
Dr Rabi Narayan Bastia has worked in different capacities and at various locations during his 16 years at the Oil and Natural Gas Corporation (ONGC) in India. In 1996, he started the E&P business in Reliance Industries Limited, a member of the Reliance Group, India’s largest private sector enterprise. His last position after more than 16 years in the group was as the Head of the Exploration Management Team for Reliance Industries Limited. The highlights of his career include the gas discovery of the Krishna-Godavari basin in 2002, the Mahanadi Basin gas discovery in North East Coast of India in 2003, and an oil and gas discovery in the deep waters of the Cauvery basin in India in 2007.
He holds a Bachelor of Science (1st Class Honours) degree in Applied Geology from the Indian Institute of Technology, Kharagpur, India; a Bachelor of Science (1st Class Honours) degree in Petroleum Exploration & Reservoir Management from the Norwegian Technological University, Norway; a PhD in Petroleum/Structural Geology from the Indian Institute of Technology, Kharagpur, India and a Doctor of Science degree in Petroleum Geology from the Indian School of Mines, Dhanbad (examined by Alberta University, Canada and Oklahoma University, USA).
Dr Atkinson is a professional geologist with over 30 years of experience in the upstream oil and gas sector. He is currently the founder and director of Worldwide Petroleum Services Pte Ltd and a director of Sonoro Energy Limited. Prior to this, Dr Atkinson was a founding investor in several exploration and production start-up ventures in Southeast Asia, the UK and Canada. He has also worked for Shell International Petroleum Company and was a 15-year career veteran with the Atlantic Richfield Company (ARCO), where his last held position was Vice President of Exploration, Europe/North Africa.
Dr Atkinson holds a PhD in Geology and a BSc (Hons) Geology (1st Class) from theUniversity of Wales, Swansea. He has been a Fellow of the Geological Society of London since 1996 and is a Life Member of the Petroleum Exploration Society of Southeast Asia, where he served as President from 2002 to 2003.
Mr Per Lind is also the Chief Financial Officer of Rex International Holding Limited, a major shareholder of Masirah Oil Limited.
From 2009 to 2013, he was Vice President, Investments at Tangerine Time, a Singapore-based investment company investing in real estate and financial services in Singapore, India and the UK. Mr Lind was an active group management member and Director of Investments at Raffles Residency. Before being Senior Vice President of Finance in AEP Investment Management, a Singapore-based investment management company in 2008, Mr Lind spent five years as Director of Finance & Corporate Development with 1st Software Corporation Ltd, a software company listed on the mainboard of the Singapore Exchange from 2003 to 2008. He had also worked for six years in the London and Singapore offices of Merchant Venture Investments, an international federation of private equity investors.
Mr Lind holds a Master of Science in Business and Economics from the School of Economics and Commercial Law at the Gothenburg University in Sweden.
Mr John Pringle is a Petroleum Engineer with 35 years of experience in exploration, development and production operations gained in Europe, the Middle East and Southeast Asia.
He started his career with BP in 1985, first in the Hague and then in Aberdeen. From 1990 to 2003, Mr Pringle worked on various consultancy assignments for Total in Abu Dhabi, Conoco and Shell in Norway and for Petroleum Experts and Landmark in Dubai. In 2003, he joined Petro-Canada in Libya as Production Manager where his responsibilities included production operations, development planning and crude oil marketing. From 2005 to 2012, Mr Pringle worked with Petronas Carigali in Malaysia and then Coastal Energy in Thailand. In 2012, he returned to Malaysia as Country Manager for Coastal Energy and delivered the fast track development of the KBM marginal fields cluster. Mr Pringle joined Masirah Oil Ltd in 2019.
Mr Pringle holds a Master of Science in Petroleum Engineering from Heriot-WattUniversity, UK and a Bachelor of Science in Civil and Structural Engineering from the University of Edinburgh, UK.
Mr Mohamed Al-Harthy is a native of Oman and he has more than 30 years of professional experience in surface/subsurface operations, operation excellence and capability, management, lifecycle planning, as well as in management, strategy, corporate production planning & forecasting and talent development.
Before joining MOL, Mr Mohamed had carved his career with Petroleum Development Oman (PDO) since 1987, moving up the ranks over the years from technical positions of Surface / Subsurface Operator to Senior Operations Supervisor to Well Services Engineer and Contract; to managerial positions as Head of Corporate Planning and Forecasting to Lead Coach for Operations Efficiency and Effectiveness (OEE). His last held position at PDO was as Capability Development Strategist/Advisor for Engineering and Operations.
Mr Mohamed holds a Bachelor degree in Mechanical Engineering & Industrial Engineering from the College of Applied Science & Engineering, Manchester, UK and a Diploma in Process Technology from Thourrock Technical College, Essex, UK. He is also a qualified Strategic Planning Professional and a member of the Institute of Leadership and Management (ILM).
Mr David Pilgrim has more than 20 years’ experience in drilling management in Indonesia, Singapore, Nigeria, China, Thailand and Kurdistan.
Before joining MOL in June 2019, Mr Pilgrim was Drilling Superintendent / Manager for KrisEnergy in Thailand for eight years, overseeing well planning, equipment and services procurement and execution of exploration and development wells in the Gulf of Thailand, which included complex well development work. In this role, he was also tasked with the planning and procurement of two onshore wells in Bangladesh, which involved the design and construction of a drilling pad inside a gas gathering and process facility and planning drilling two wells from the same pad with zero cuttings discharge. In Indonesia, Mr Pilgrim oversaw the planning and procurement process for one exploration and one delineation well, both of which were successful.
Prior to this, Mr Pilgrim was Drilling Superintendent/Supervisor/Manager for MITRA Energy, Thailand, involved location design and construction in an environmentally sensitive area within the Bangkok Metropolitan area.
Mr Jorge Eduardo Pinedo is a Petroleum/Production/Reservoir/Operations Engineer and Manager with more than 27 years of experience in technical and non-technical, operator and service company, offshore and onshore, in oil, gas and Coal Bed Methane, exploration, appraisal, production surveillance and optimisation, reservoir management, integrated (reservoir-well-surface) production modelling, integrated project management and QHSE management systems implementation. He is also experienced in production operations management.
Before joining MOL, Mr Pinedo was Asset Production Manager at Pluspetrol Petroleum Corporation in Peru. Through the course of his career, he has worked for Santos Limited and Queensland Gas Company in Australia; Landmark Graphics Corporation in the UAE and Italy; Petroleum Development Oman; Midland and Scottish Resources Limited in the UK; and Schlumberger group companies in Indonesia, Australia, the UK, Pakistan, Egypt and Kuwait. He has also worked in the Netherlands, Qatar, Algeria and China.
Mr Pinedo holds a Master of Engineering in Petroleum Engineering and a Bachelor of Engineering in Offshore (Mechanical) Engineering from the Heriot-Watt University, Edinburgh, UK and is a member of the Society of Petroleum Engineers.
Mr Chris Milton has more than 40 years’ experience as a Development Geologist.
Prior to joining MOL, Mr Milton was Development Geologist / Geomodeller for Tarmarind Resources, where he was responsible for updating and finalising the Galoc Static Field Model using Petrel, initiating and overseeing external studies, and incorporating all well data to static model for six vertical and four horizontal wells. Before this, Mr Milton was Technical Manager (Geologist / Geomodeller) of Coastal Energy Kbm Snd Bhd in Malaysia from 2012 to 2016; Chief Development Geologist for Murphy Sarawak Oil Co. Ltd. from 2009 to 2012; and Senior Development Geologist for Murphy Sabah Oil Co. Ltd. from 2003 to 2009. During his career, Mr Milton has fronted presentations to Malaysia’s national oil company and at international AAPG conferences.
Mr Milton had also held various positions at Helix RDS Limited, BP Aberdeen, Total Oil Marine, and Gearhart Geodata Services.
He holds a Master of Science in Petroleum Geology from Aberdeen University and a Bachelor of Science (Honours) in Geology from Newcastle University.