Australia's Octanex N.L. reported Tuesday that its 50 percent owned Malaysian joint venture company, Ophir Production Sdn Bhd (OPSB), celebrated a key project milestone in late February with First Steel Cutting Ceremony marking the commencement of construction of the Ophir Development wellhead platform in Block PM305 offshore Peninsular Malaysia.
The ceremony was held at the Muhhibah Engineering (M) Bhd (Muhhibah) fabrication facility at Klang, Malaysia, where Muhhibab is fabricating the platform.
Octanex COO, Rae Clark, said "The 1st Steel Cutting Ceremony was a significant milestone for the fabrication of the wellhead platform and towards first oil for the Ophir development. The Ophir oil development project will transform Octanex from an exploration company to a production company."
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