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.
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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.
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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.
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Posted by Wata
Did you know that the Oil & Gas Journal has been published since 1902? Someone gift me a subscription. And who are E&P Malaysia Venture?
Dateline 2014-09-25:
Lundin Malaysia BV, a wholly owned unit of Lundin Petroleum AB, has entered into agreements to acquire 50% interest in PM328, and operatorship of the block, from Petronas Carigali. The effective date of the transaction Aug. 31.
PM328 lies offshore Malaysia, northeast of PM307, which is also operated by Lundin Malaysia. PM328 covers an area of 5,600 sq km.
The initial production-sharing contract term is for 3 years. Within the first 18 months, Lundin Malaysia has committed to undertake the acquisition of 600 sq km of 3D seismic. Lundin Malaysia then has the option to commit to drilling one well in the remaining 18 months, or elect to hand back its interests to Petronas without penalty.
The remaining interest in the block will be held by Petronas (40%) and E&P Malaysia Venture Sdn. Bhd. (10%).
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Posted by Wata
Dateline 2014-05-08, Offshore Magazine:
Lundin Petroleum says its Bertam oil field development offshore Peninsular Malaysia is on schedule for start-up in spring 2015.
The field, in the PM307 block, will be developed using a 20 slot wellhead platform alongside the spread-moored IkdamFPSO.
Development drilling will start this summer. Lundin plans 13 horizontal wells and one deviated well completed with electrical submersible pumps.
TH Heavy Engineering is building the platform at its yard in Pulau Indah, close to Kuala Lumpur. The jacket is expected to be installed offshore this summer, followed by the topside during 4Q.
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Posted by Wata
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Wata - Malaysian Oil and Gas Engineer 