Jasmine Energy (JEL), a subsidiary of Rex International, has moved the start of its offshore drilling campaign in Oman to May 2026.

The program at the Yumna field in Block 50 had previously been expected to begin in the first quarter of 2026 after Jasmine Energy raised $25 million through three-year senior secured bonds. The funding is intended to support a three-well development drilling campaign at the field and general corporate purposes at Masirah Oil Limited (MOL), an indirect 87.5% subsidiary of JEL.

Masirah Oil has now said the multi-well drilling activities at Yumna are expected to start in May 2026. Block 50 is an offshore concession covering about 17,000 square kilometers in the Gulf of Masirah, east of Oman.

Masirah Oil is the operator and holds a 100% interest in Block 50. First oil from the field was achieved in February 2020. The 2017-built Energy Emerger jack-up drilling rig, operated by Northern Offshore Drilling Operations, was hired for the drilling assignment.