Octanex awards drilling contract to UMV

Malaysia’s UMW Offshore Drilling has won a contract from Australian oil and gas exploration company Octanex for drilling services at Ophir Oil Field offshore Malaysia.

UMV will deploy its jackup rig NAGA 2 to the field in second quarter of 2017 to drill three production wells.

The Ophir Oil Field is being developed under a risk service contract granted in 2014 to a joint venture company in which Octanex has a 50% interest.

“The award of the drilling rig contract locks in significant cost savings for the Ophir project and is an important milestone for the Ophir development,” commented Rae Clark, COO of Octanex.


Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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