Rex International Holding’s subsidiary Lime Petroleum Holding AS said it achieved first oil from the AK-2H well in Benin’s Sèmè Field Block 1, with production expected to start within two weeks. Lime reported significant technical complications that increased drilling costs and delayed output by more than three months, hurting its financial position, and has hired ABG Sundal Collier and Arntzen Grette to conduct a strategic and financial review that could include asset transactions, debt amendments or a broader restructuring.

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