In a statement, the company said the exact specifications of the device were still being kept under wraps.
One thing that is known is that the processor powering the device will be Qualcomm's Snapdragon 865, which was announced last week.
Of the 865, Qualcomm says: "The Snapdragon 865 5G mobile platform is capable of processing 2 gigapixels per second while delivering staggering speeds of up to 7.5Gbps 5G connectivity to flagship mobile devices.
OPPO Australia managing director Michael Tran said: "The year 2020 is gearing up to be an exciting year for OPPO.
"Not only are we set to expand our portfolio of smart devices with products such as smart headphones and smart watches, we will also be launching our next-generation flagship smartphone.
"With the Find X2, we wanted to push the boundaries of what's possible with a smartphone.
"We know that more and more consumers are using their devices to play games or consume content on the go. We feel confident that the Find X2 will provide them with the most immersive experience possible to do so."