OPERATIONS

Octanex posts $8.5m loss as Ophir remains shut in

OCTANEX, which has seen teething problems plague its flagship Ophir oil field in Malaysia, has reported an A$8.5 million net loss for the first half of the financial year.

James Bowen
Octanex's Ophir platform has struggled after coming online last year

Octanex's Ophir platform has struggled after coming online last year

The figure was up from $1.4 million recorded for the previous corresponding period.   Production of crude commenced at Ophir in October 2017 following commissioning of the floating production and storage...

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