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Octanex NL and partners secures RSC for Ophir Field offshore Malaysia

Wednesday, 11 Jun 2014 08:00pm EDT 

Octanex NL:Says a bid submission in Aug. 2013, it has, together with its joint venture partners, been awarded a Risk Service Contract in respect of the Ophir Field by Petroliam Nasional Bhd.Octanex, together with its two Malaysian joint venturers, Scomi D&P Sdn Bhd and Vestigo Petroleum Sdn Bhd, has incorporated Ophir Production Sdn Bhd (OPSB) to undertake the contract, with Octanex holding a 50 pct interest, Scomi 30 pct and Vestigo 20 pct.OPSB will develop the Ophir oil field via a low risk development concept involving three production wells, a single wellhead and production platform and export and storage of oil by Floating Storage and Offloading Unit.Scomi is a wholly owned subsidiary of Scomi Energy Services Bhd. 

Company Quote

16 Dec 2014