This page lists the six Big Octos that you can find in the Great Sea, along with the number of eyes and the treasure that you get from each one.
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Location: Two-Eye Reef (one square south of Southern Fairy Island)
Number of Eyes: 4
Treasure: magic meter upgrade -
Location: Diamond Steppe Island (one square northwest of Outset Island)
Notes: The hookshot is required to get onto Diamond Steppe Island.
Number of Eyes: 8
Treasure: 100 rupees -
Location: Private Oasis (one square northeast of Southern Fairy Island)
Number of Eyes: 8
Treasure: 100 rupees -
Location: Fire Mountain (one square northeast of the Tower of the Gods)
Number of Eyes: 8
Treasure: 100 rupees -
Location: Seven Star Isles (one square north of Dragon Roost Island)
Notes: If you encounter kargarocs here, grapple them for their golden feathers, then either kill them with the boomerang or just sail away.
Number of Eyes: 12
Treasure: piece of heart -
Location: Tingle Island (one square southwest of Windfall)
Notes: Watch out for gyorgs (sharks).
Number of Eyes: 12
Treasure: piece of heart