$re = '/<option value ?= ?"(.*?)"><OCEAN ServiceMultiLanguage\(\)><\?english_text=(.*?)><\/option>/';
$str = '<option value = "0 : 0.5"><OCEAN ServiceMultiLanguage()><?english_text=0 to 0.5></option>';
$subst = "[\"\1\", \"\2\"],";
$result = preg_replace($re, $subst, $str);
echo "The result of the substitution is ".$result;
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for PHP, please visit: http://php.net/manual/en/ref.pcre.php