Muhibbah Engineering has secured a contract with Ophir Production (OPSB) to provide the engineering, procurement, construction, installation and commissioning (EPCIC) of a wellhead platform for the Ophir oil field located offshore Peninsular Malaysia.

Ophir Production is the 50%-owned Malaysian joint venture company of Octanex.

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Under the contract, Muhibbah will fabricate the Ophir platform at its yard at Klang, 40km south-west of Kuala Lumpur, prior to its installation in the Ophir field.

The platform is expected to be installed in the field during third quarter of 2016.

"The award of the wellhead platform contract is a significant step towards first oil for the Ophir development."

Following this, a jack-up drilling rig will be mobilised to the site and development drilling will begin later on.

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Under the planned schedule, the Ophir filed will start oil production in late-2016.

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Octanex COO Rae Clark said: "The award of the wellhead platform contract is a significant step towards first oil for the Ophir development and marks a major milestone in the transformation of Octanex from an exploration company to a producer."

Octanex’s share of the Ophir project is funded through OPSB’s 75% project financing and the company’s strategic alliance and funding arrangements with Malaysia-based Sabah International Petroleum (SIP).

The Malaysian State of Sabah wholly owns SIP through the Sabah Development Bank.

The oil field is being developed through a low-risk development concept involving three production wells, a well head platform, and a leased floating production storage and offload vessel.

Octanex holds a 50% interest in OPSB, while Scomi and Vestigo own 30% and 20% respectively.