International Petroleum Corporation achieved first oil at its transformational Blackrod Phase 1 development in Canada in May 2026, ahead of schedule and on budget. The project is forecast to reach a plateau production rate of 30,000 barrels of oil per day by late 2027, a quarter earlier than originally guided. IPC reported second-quarter average net production of approximately 42,200 barrels of oil equivalent per day, in line with guidance, and operating cash flow of 67 million US dollars. Full-year 2026 production guidance is maintained at 44,000 to 47,000 barrels of oil equivalent per day, while operating cash flow guidance was tightened to between 230 and 330 million US dollars. The company also released its annual Sustainability Report alongside the financial results.
International Petroleum Corp.First oil at Blackrod Phase 1 ahead of schedule and on budget, with plateau production forecast earlier than guided.
RLI Corp