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    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.
    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.

    05/05/2021