Rex International Holding Limited announced on Feb, 02 2026 that a discovery has been made in the Knockando Fensfjord prospect of the Brage Field, where its indirect subsidiary Lime Petroleum AS owns a 33.8434 per cent stake.

According to a Norwegian Offshore Directorate release dated Jan, 28 2026, the new accumulation could add 0.5–1.5 million standard cubic metres of recoverable oil equivalent if it proves to be oil, or 0.4–0.9 million standard cubic metres if it is gas.

The find was encountered during drilling of the Talisker A-15D development well, which commenced production on Jan, 11 2026. The well intersected a 38.5-metre hydrocarbon column within multiple sandstone layers of the Lower Fensfjord Formation and reached measured and vertical depths of 10,009 metres and 2,309 metres, respectively.

The Brage Unit partners are evaluating options to develop the Knockando Fensfjord resource. The licence interests are held by OKEA ASA (operator, 35.2 per cent), Lime Petroleum AS (33.8434 per cent), DNO Norge AS (14.2567 per cent), Petrolia NOCO AS (12.2575 per cent) and M Vest Energy AS (4.4424 per cent).