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Bertam FPSO Carries Malaysian Flag

Source: www.gulfoilandgas.com 2/27/2018, Location: Asia

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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.

International Petroleum Corp. (IPC) is an international oil and gas exploration and production company with a high quality portfolio of assets located in Canada, Europe and South East Asia, providing a solid foundation for organic and inorganic growth. IPC is a member of the Lundin Group of Companies.

IPC is incorporated in Canada and IPC’s shares are listed on the Toronto Stock Exchange (TSX) and the Nasdaq First North Exchange (Stockholm) under the symbol "IPCO". Pareto Securities AB is the Corporation’s Certified Adviser on Nasdaq First North.

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Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

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