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.
(Courtesy International Petroleum Corp.)
The FPSO Bertam offshore 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.
