OXX 5.26% 3.6¢ octanex limited

Octanex oil production news, page-21

  1. 196 Posts.
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    A second loading in DEC !!!!!!!! It's all happening. DYOR IMHO

    https://www.brecorder.com/2017/11/02/378162/asia-pacific-crude-petronas-sells-new-grade-ophir-light/

    SINGAPORE: Malaysia’s Petronas sold a new grade in the Asia-Pacific crude market, traders said on Wednesday, while spot premiums for other Malaysian grades remained firm.

    MALAYSIA: Petronas has sold the first ever cargo of Ophir Light crude for loading in December to a trading company, trade sources said.


    The 200,000-barrel cargo will load over Dec. 8 to 14 and was sold via a tender, the sources said.

    Petronas may soon offer a second cargo loading in December, one of the sources said.

    With a production of about 6,000 barrels per day, the crude has an API gravity of 46 to 47 degrees and a sulphur content of about 0.07 percent.

    The Ophir field, located offshore Terengganu, Malaysia, northeast of peninsular Malaysia, is developed by Ophir Production Sdn Bhd (OPSB) under a Risk Service Contract, according to Octanex’s website. Octanex owns 50 percent of OPSB.
 
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