OPERATIONS

Octanex outlines Ophir plans

OCTANEX has gone on the record to correct inaccurate reports in a Malaysian newspaper that the 50%-owned Ophir RSC development offshore Malaysia would produce at 8 million barrels of oil per annum.

A topside offshore Malaysia run by Octanex and Ophir.

A topside offshore Malaysia run by Octanex and Ophir.

Instead, Octanex said yesterday that the Petronas-approved field development plan assumes production of 5.2MMbbl over the three life of the field, although the modelling suggests a most-likely recovery...

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