RXT receives Brazil license

Reservoir Exploration Technology ASA (RXT) has received a category 2 environmental license for operations offshore Brazil.

Offshore staff

OSLO -- Reservoir Exploration Technology ASA (RXT) has received a category 2 environmental license for operations offshore Brazil.

“This license being issued will now allow the RXT5 operation to begin acquiring data on the surveys under the previously announced Petrobras contract awarded in June 2008,” says Larry Wagner CEO for RXT. “This comes at a very good time as we are now ready to move out of the deepwater work into water depths where we have previously demonstrated excellent production rates.”

01/27/2010

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