Octanex is an oil and gas company expanding into SE Asian production activities in addition to its involvement in offshore exploration in Australia and New Zealand.
Octanex is involved in exploration for oil and gas in Australia and New Zealand and is expanding into production activities in SE Asia.
Reflecting Octanex's expanding geological and geographical focus, Octanex has opened a Technical and Representative office in Kuala Lumpur, Malaysia. Kuala Lumpur is well located for South East Asian deal-flow, with the region offering numerous petroleum opportunities in prolific hydrocarbon basins, including brownfield opportunities.MORE
The offshore Browse Basin is located approximately 350km off the coast of Western Australia and is estimated to contain contingent volumes of more than 15 trillion cubic feet of dry gas and more than 400 million barrels of condensate. Octanex has an interest in the Greater Cornea Fields, discovered by Shell in 2001, with significant contingent oil and gas resources.MORE
The Carnarvon Basin is located both on and offshore Western Australia and has numerous oil and gas fields. Octanex has interests in six exploration permits in Offshore Carnarvon Basin, to date, four of which it has successfully attracted farm-in partners.MORE
Southern Bonaparte Basin
The Bonaparte Basin is located predominantly offshore of the north-western coast of Australia. Being highly prospective for exploration, the Basin already contains a number of very significant petroleum discoveries, including the Bayu/Undan, Caldita, Barossa, Petrel, Tern and Frigate fields. Octanex holds 100% interests in five petroleum exploration permits in the Southern Bonaparte Basin.MORE
The Taranaki Basin, located offshore New Zealand's North Island, is currently the only producing basin in New Zealand. A majority of fields contain mainly gas but nearly all fields produce a proportion of oil/condensate. Octanex has a strong exploration position in five contiguous permits in the Taranaki Basin.MORE