OPSB Awards Malaysia's Offshore Ophir Field WHP EPCIC Contract to Muhibbah
About Octanex
Octanex is seeking to increase its exposure to production and development assets while moderating exploration activities.
Octanex has a 50 percent interest in the Ophir field development, offshore Malaysia, now targeting production in 2016. In addition to pursuing other near-term development opportunities Octanex also interests in two appraisal assets; the Cornea oil field and Ascalon gas discovery, both offshore Western Australia.
Octanex's exploration interests cover six offshore permits in Western Australia. Octanex's exploration strategy is focussed on upgrading prospective acreage through geological and geophysical work with the intention of attracting international companies as farminees. Successful farm outs have resulted in Octanex being partnered with world-class operators.
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