Octanex awaits rig arrival to drill Ophir wells

  • Exploration & Production

Octanex, an Australian-based oil and gas company, is getting ready for a drilling campaign at the Ophir field offshore Malaysia as it is waiting for a drilling rig to arrive at the field. 

Octanex informed on Thursday that the UMW Drilling’s 2009-built Naga 2 jack-up drilling rig will shortly begin mobilization to the Ophir oil field.

The Australian company further said that the rig has started demobilizing from its previous drilling location and will shortly start its tow to the Ophir field where it is expected to arrive on May 27 for a three-well drilling campaign.

The three planned horizontal production wells target stacked oil reservoirs in a four-way dip closed structure previously discovered and tested by the discovery well, Ophir-1 and four additional appraisal wells, defined with 3D seismic data acquired in 2011, and supported by productive wells located in adjacent fields.

Located offshore Peninsular Malaysia, with a water depth of approximately 70m, the Ophir oil field is being developed under a Risk Service Contract (RSC) granted in 2014 to Ophir Production Sdn Bhd (OPSB), a joint venture company in which Octanex has a 50% interest. Other joint venturers in OPSB are Scomi Energy Services with 30% interest and Vestigo Petroleum, a subsidiary of Petronas, with the remaining 20% interest.

The Ophir oil field is being developed via three production wells, a well head platform (WHP) and floating production storage and offload (FPSO) vessel.

Earlier this year, a donor vessel was secured for conversion into an FPSO for use on the Ophir field. MTC Engineering (MTCE), a Malaysian oil and gas marine contractor, is in charge of the conversion of the oil tanker into the MTC Ledang FPSO.

Offshore Energy Today Staff

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