Scandinavian Oil-Gas Magazine

http://www.scandoil.com/moxie-bm2/financial/money/opsb-secures-financing-to-develop-the-ophir-oil-pr.shtml

OPSB secures financing to develop the Ophir oil project

Octanex N.L. says that limited recourse project finance has been secured for the development of the Ophir field, offshore Terengganu, Malaysia.

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Octanex N.L.-2

Octanex N.L. says that limited recourse project finance has been secured for the development of the Ophir field, offshore Terengganu, Malaysia.

Octanex is a 50 percent shareholder in Ophir Production Sdn Bhd (OPSB) which was awarded the Ophir Risk Service Contract in June. Octanex's joint venturers in OPSB are Scomi Energy Services Bhd, a Malaysian downstream oil and gas services company listed on the Main Board of Bursa Malaysia with a 30 percent interest, and Vestigo Petroleum Sdn Bhd, a wholly owned subsidiary of Petronas, incorporated in 2013 with a focus on the development of small, marginal and mature fields, holding a 20 percent interest.

Tags: Octanex N.L.