OCTANEX MTC LEDANG FPSO INSTALLED AT OPHIR FIELD OFFSHORE MALAYSIA

Octanex advised that the MTC Ledang FPSO is on location at the Ophir Field offshore Peninsular Malaysia. The FPSO is in final position, all mooring lines attached. The flowline between the FPSO and the previously installed Wellhead Platform has been installed and tested. Commissioning activities are now underway. The MTC Ledang FPSO has a small process facility module with capacity for 15,000 barrels of fluid per day and gas flaring, and is capable of storing up to 300,000 barrels of crude. It is contracted to be at the Ophir field for a period of three years, with a one year extension option.
The Ophir field is located offshore Peninsular Malaysia, with a water depth of approximately 70m and is being developed via three production wells, a well head platform (WHP) and Floating Production Storage and Offload (FPSO) vessel.
The Ophir field is being developed pursuant to a Risk Service Contract granted in 2014 to Ophir Production Sdn Bhd (OPSB). Octanex holds a 50% interest in OPSB and its joint venture shareholders in OPSB are Scomi with 30% and Vestigo Petroleum Sdn Bhd with 20%. Scomi is a wholly-owned subsidiary of Scomi Energy Services Bhd, a Malaysian downstream oil and gas services company listed on the Main Board of Bursa Malaysia. Vestigo Petroleum Sdn Bhd is a wholly-owned subsidiary of PETRONAS Carigali Sdn Bhd focused on the development of small, marginal and mature fields. (Source and image: Octanex)