IPC takes outright ownership of Bertam offshore Malaysia

May 5, 2021
International Petroleum Corp. has assumed full control of the Bertam field offshore Peninsular Malaysia.

Offshore staff

VANCOUVER – International Petroleum Corp. (IPC) has assumed full control of the Bertam field offshore Peninsular Malaysia.

Last month the company acquired Petronas’ 25% participating interest at no cost, although IPC has agreed to take on associated future well decommissioning obligations.

Current production through the FPSO Bertam is more than 1,250 b/d.

05/05/2021

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