The co-founders of Helios Aragon have entered into a Joint Study Agreement with Rex International Holding Ltd (“Rex”) to explore for natural hydrogen in Oman.

The focus on Oman represents the implementation of a strategy to grow a quality global portfolio of natural hydrogen and helium projects. Helios Aragon is operator of the Monzon Natural Hydrogen Project in Spain, the first such development in Europe. There are also exploration activities underway in Poland and the UK by the Helios group of companies.

Ian Munro, CEO of Helios Aragon, commented:
“Oman is widely regarded as one of the more prospective countries for the near-term discovery of commercial quantities of natural hydrogen. The geology is considered optimal for large-scale hydrogen generation, which is evidenced by the multiple surface seeps, some of which are almost pure hydrogen.

We plan to leverage exploration learnings from Spain and elsewhere in Europe together with Rex’s local operational expertise to develop a thorough understanding of the hydrogen play system in Oman. The goal is to produce the cleanest and lowest cost hydrogen, which can enhance energy security and support the transition to a lower carbon future”.

John d’Abo, Executive Chairman of Rex, said:

“The Rex Group has been operating in Oman for a decade now, and the prospect of delving into a new form of energy in a geographical area that we are familiar with, is an exciting one. The joint study will allow us to evaluate further if there are synergies to be reaped and for Rex to contribute towards action against climate change in the future.”

Global and international Law Firm SQUIRE PATTON BOGGS assisted in the delivery of the Joint Study Agreement and also in the international development of the respective natural hydrogen and helium projects.