Rex International Holding Limited, the majority shareholder in Masirah Oil Limited (MOL) — which has a 100 per cent interest in the offshore Block 50 enveloping Masirah Island — says it is on track to bringing its landmark ‘GA South Discovery’ — the first of its kind off Oman’s eastern seaboard — into production before the end of this year. Singapore-listed Rex International — well-known for its proprietary Rex Virtual Drilling technology — has a 92.65 per cent shareholding in Masirah Oil Limited, the license holder of Block 50 (also known as ‘Masirah Block’) under an Exploration & Production Sharing Agreement (EPSA) signed with Oman’s Ministry of Oil and Gas.