Dateline 2022-12-22, Energy-pedia:
International Petroleum Corp (IPC) has announced that IPC’s subsidiaries, IPC Malaysia and IPC SEA Holding, have signed a letter of agreement with PETRONAS to extend the Block PM 307 Production Sharing Contract (PM 307 PSC) covering the Bertam Field, offshore Peninsular Malaysia from August 15, 2025 until August 14, 2035.
…
Leave a Comment » | 
oil and gas | Tagged: IPC, PM307 | 
Permalink
Posted by Wata
Dateline 2021-05-05, Offshore:
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.
Leave a Comment » | oil and gas | Tagged: Bertam, IPC | Permalink
Posted by Wata
Dateline 2019-08-06, Offshore:
International Petroleum Corp. has issued a progress report on the current third phase of infill drilling on the Bertam field offshore Peninsular Malaysia, which started in June.
So far two infill landing pilots have been completed with results in the A-15 area above expectations, but worse than anticipated in the A-14 area.
…
Leave a Comment » | oil and gas | Tagged: A-14, A-15, Bertam, IPC | Permalink
Posted by Wata
Dateline 2019-06-25, Oil & Gas 360:
International Petroleum Corporation (IPC) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that it has commenced drilling of the first well in a planned multi-well drilling program on Block PM307, located offshore Peninsular Malaysia. IPC is the operator of Block PM307 and holds a 75% working interest, with Petronas Carigali Sdn Bhd holding the remaining 25% working interest.
The PM307 drilling program is planned to consist of two infill landing pilot wells in the southeastern and northeastern areas of the Bertam field, followed by the Keruing exploration well and three Bertam field infill wells. The first pilot well will test the upside potential in the northeastern A15 area, which could lead to an additional infill well being added to the 2019 program in the success case.
…
Leave a Comment » | oil and gas | Tagged: Bertam, IPC, PM307 | Permalink
Posted by Wata
Dateline 2019-06-25, Global News Wire:
International Petroleum Corporation (IPC) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that it has commenced drilling of the first well in a planned multi-well drilling program on Block PM307, located offshore Peninsular Malaysia. IPC is the operator of Block PM307 and holds a 75% working interest, with Petronas Carigali Sdn Bhd holding the remaining 25% working interest.
The PM307 drilling program is planned to consist of two infill landing pilot wells in the southeastern and northeastern areas of the Bertam field, followed by the Keruing exploration well and three Bertam field infill wells. The first pilot well will test the upside potential in the northeastern A15 area, which could lead to an additional infill well being added to the 2019 program in the success case. The second pilot well will target the southeastern A14 area with the aim to confirm commercial quantities of hydrocarbons and to act as a landing pilot to de-risk development drilling. The Keruing exploration well will target a prospect in the I-35 reservoir, approximately 600 metres shallower than the Bertam field.
…
Leave a Comment » | oil and gas | Tagged: Bertam, IPC, Keruing, PM307 | Permalink
Posted by Wata
Dateline 2018-08-07, Offshore Mag:
IPC Petroleum Corp. continues to assess new infill drilling opportunities at the Bertam field offshore Peninsular Malaysia, the company said in a results statement.
This follows positive results from previous infill drilling programs and continued good reservoir performance.
In addition, the company is looking to drill an exploration well on the Keruing prospect in late 2018, subject to regulatory approval and rig contracting.
Leave a Comment » | oil and gas | Tagged: Bertam, IPC, Keruing | Permalink
Posted by Wata
YuorOilandGasNews (go figure), dateline 2018-02-27:
International Petroleum Corporation has announced that the Bertam FPSO is now registered as a Malaysian flagged vessel under the applicable Malaysian marine regulations.
The Bertam FPSO is required to be Malaysian flagged in order to offload oil production from the Bertam field in Malaysian waters. As previously announced in December 2017, IPC had received an extension for the provisional registration of the Bertam FPSO in Malaysia until March 2018. Following the submission of an application to the relevant Malaysian authorities, the Bertam FPSO has now received registration as a Malaysian flagged vessel under the applicable Malaysian marine regulations.
IPC, through its wholly-owned subsidiary IPC Malaysia BV, is the operator of the Bertam field with a 75 percent working interest. Petronas Carigali Sdn Bhd holds the remaining 25 percent.
…
Leave a Comment » | IGL | Tagged: Bertam, FPSO, IPC | Permalink
Posted by Wata
Paypal donations accepted.
Wata - Malaysian Oil and Gas Engineer 