Octanex spuds Malaysia well

KUALA LUMPUR, June 2, 2017 – Australia’s Octanex commenced Ophir drilling work offshore Malaysia on Friday, the Melbourne-based company said in a press release.

Octanex spudded the Ophir A1 well, one of three scheduled production wells, using the UMW Naga-2 jackup rig in some 70 metres of water. The oilfield development project calls for a wellhead platform and an FPSO unit.

Octanex holds a 50% stake in the project, alongside Scomi Energy Services and Vestigo Petroleum, which have 30% and 20%, respectively.

In other news, reports on Friday suggested that Dayang Enterprises was in pole position for a multi-year, USD 1.4-billion maintenance, construction and modification contract. The Petronas deal has reportedly drawn the interest of five other parties.

Meanwhile, Mubadala Petroleum has called for bids for the construction of the Pegaga gas development’s central processing platform. The consensus is that Malaysia Marine & Heavy Engineering and Sapura Energy will be making offers. The platform is to be installed in Block SK320 in around 110 metres of water.

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