Search results for: Octanex

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  • 28 February 2017
    Infrastructure, Project & Tenders

    Oil and gas company Octanex Limited has informed that a donor vessel has been secured for conversion into an FPSO for use on the Ophir field, offshore Malaysia.  The conversion works on the oil tanker, Puteri Bangsa, will start shortly, the company said on Tuesday. MTC Engineering (MTCE), a Malaysian oil and gas marine contractor, will be […]

  • 27 November 2015
    Business & Finance, Project & Tenders

    Malaysia’s Muhibbah Engineering has been awarded a contract for the engineering, procurement, construction, installation and commissioning (EPCIC) of a wellhead platform for the Ophir oil field offshore Peninsular Malaysia.  The contract has been awarded by Ophir Production, a joint venture company that is formed by an oil and gas company listed on the Australian Securities Exchange, Octanex N.L., […]

  • 7 June 2018

    Partners in the Ophir field located offshore Malaysia have decided to exit the field due to economic cut-off, which will result in Petronas taking over full responsibility for the field.

  • 21 April 2011
    Business & Finance

      Octanex N.L. advises that the Galahad-1 well, the second well in the two well drilling campaign in the outer Exmouth Plateau permits WA-362-P and WA-363-P, is currently expected to spud within the next 5 to 7 days. Galahad-1 is located within WA-363- P, as shown on the following Well Location Map.   The well […]

  • 20 August 2012
    Business & Finance

    Octanex N.L.has provided an update on the activities relating to the two Exmouth Plateau permits, WA-386-P and WA-387-P, in which Octanex’s wholly- owned subsidiary, Exmouth Exploration Pty Ltd (Exmouth), holds participating interests. As advised in Octanex’s 30 June 2012 Quarterly Report, OMV Australia Pty Ltd (OMV) and Eni Australia Limited (Eni) have given Exmouth notice […]

  • 20 August 2012

    Octanex N.L. provided update on the activities relating to the two Exmouth Plateau permits, WA-386-P and WA-387-P, in which Octanex’s wholly-owned subsidiary, Exmouth Exploration Pty Ltd, holds participating interests. As advised in Octanex’s 30 June 2012 Quarterly Report, OMV Australia Pty Ltd and Eni Australia Limited have given Exmouth notice of their intention to withdraw […]

  • 20 November 2018

    Partners in the Ophir field located offshore Malaysia have handed over the field’s wellhead platform, wells, and pipeline to Petronas, following their exit from the project due to economic cut-off.

  • 26 June 2012
    Business & Finance, Operations & Maintenance, Research & Development

    Octanex N.L., through its wholly owned subsidiary Octanex NZ Limited, holds a 35% participating interest in each of PEP 51906 and PEP 53537, with OMV holding the remaining 65% participating interest in the permits. OMV acquired its interest in PEP 51906 through a farmin to Octanex’s then 100% interest in that permit. Octanex and OMV […]

  • 1 September 2015
    Project & Tenders

    Malaysian oil and gas company Petronas has given its consent for a revised development plan of the Ophir oil field, located offshore Malaysia. According to Octanex, an Australian company with a share in the development, the revised plan will decrease the development costs by 30 percent. As the low oil prices environment forced oilfield services […]

  • 21 March 2012
    Business & Finance

      Octanex N.L. announces that its wholly-owned subsidiary, Octanex NZ Limited (Octanex NZ), has been granted a 100% interest in a fourth petroleum exploration permit, PEP 53473. The permit is located in the offshore Taranaki Basin of New Zealand. The permit lies between the PEP 51906 and PEP 52593 permits (in which Octanex NZ holds […]

  • 3 August 2015
    Project & Tenders

    Octanex has declared the location over the Ascalon gas discovery in Southern Bonaparte Basin, offshore Western Australia, where the company intends to obtain a retention lease. The Ascalon gas accumulation is located approximately 465km west of Darwin in water depths of less than 100m, and about 60km from the Ichthys to Darwin pipeline. The location […]

  • 24 April 2018

    Octanex is discussing with Petronas the termination of the risk service contract related to the Ophir field development located offshore Malaysia.

  • 20 August 2012
    Business & Finance

    Octanex N.L. provides an update on the activities relating to the two Exmouth Plateau permits, WA-386-P and WA-387-P, in which Octanex’s wholly- owned subsidiary, Exmouth Exploration Pty Ltd (Exmouth), holds participating interests. As advised in Octanex’s 30 June 2012 Quarterly Report, OMV Australia Pty Ltd (OMV) and Eni Australia Limited (Eni) have given Exmouth notice […]

  • 24 July 2014
    Business & Finance, Project & Tenders

    Octanex N.L. has announced that limited recourse project finance has been secured for the development of the Ophir field, offshore Malaysia. Octanex is a 50% shareholder in Ophir Production Sdn Bhd (“OPSB”) which was awarded the Ophir Risk Service Contract in June 2014. Octanex’s joint venturers in OPSB are Scomi Energy Services Bhd, a Malaysian downstream oil and […]

  • 27 June 2018

    Australia’s Santos will relinquish an offshore block in Australia after having been unable to find a commercial development solution.

  • 7 November 2016
    Exploration & Production

    Malaysian drilling contractor UMW Offshore Drilling has secured a drilling contract for one of its jack-up rigs. Namely, the company’s Naga 2 jack-up drilling unit will work for Australian oil company Octanex, drilling development wells at the Ophir field, off Malaysia. The announcement on the contract was revealed by Octanex on Monday, which said that […]

  • 16 November 2012

    OMV has today confirmed that it will drill the Matuku-1 well in PEP 51906. Octanex, which owns 35% in the licence has informed that OMV is continuing extensive search and evaluation process in an effort to secure a semi- submersible rig to drill the well. OMV is planning to drill a number of wells in […]

  • 8 February 2013

    Octanex N.L. said that its wholly-owned subsidiary, Exmouth Exploration Pty, has been granted renewals of the WA-386-P and WA-387-P permits it has been exploring in the outer Exmouth Plateau. Octanex holds a 100% participating interest in each of WA-386-P and WA-387-P. The initial 6-year terms of the Permits expired on 21 August 2012 and Octanex […]

  • 24 August 2012

    Octanex N.L. announced that the Joint Venture exploring the two Exmouth Plateau permits, WA-362-P and WA-363-P. has been granted renewals of both permits. The initial 6-year terms of the two permits expired on 21 December 2011 and the Joint Venture (comprising Octanex and Eni Australia Limited) applied to renew both permits for their first 5-year […]

  • 10 May 2011
    Business & Finance

      Octanex N.L  announces that the farmout agreement made with OMV New Zealand Limited (“OMV NZ”), in relation to the PEP 51906 permit, has received the consent of the  New Zealand Minister of Energy under the Crown Minerals Act. As a result, the farmout agreement is now unconditional. OMV NZ entered into the farmout agreement […]

  • 13 January 2014
    Business & Finance, Project & Tenders

    The Matuku-1 well in PEP 51906 offshore Taranaki has been drilled to 3913 meters as of 6.00AM Sunday, 12 January 2014. A 9 5/8 inch casing string has been set to 3409 meters. The next operation is drilling ahead to a planned total depth of 4754 metres. The Kan Tan IV began drilling operations on Saturday, […]

  • 28 November 2018
    Infrastructure

    “2017/18 evolved into a most difficult and disappointing year,” Ernest Geoffrey Albers, Chairman of Octanex, an Australian oil and gas company, said on Thursday.