Stena IceMAX- Credit: Paul McClimond/MarineTraffic
Bahamas Petroleum Company (BPC) has started drilling at its maiden offshore well in the Bahamas, despite the opposition by environmental groups and U.S. Congress members who recently called for a stop of the drilling project off the Caribbean country's coast.
BPC said Monday that the drilling of the offshore well called Perseverance #1 had started on December 20, 6:30. The well, being drilled by Stena Drilling's Stena IceMAX drillship is expected to take 45 - 60 days to complete.
Bahamas Petroleum Company is targeting P50 prospective oil resources of 0.77 billion barrels, with an upside of 1.44 billion barrels, BPC said. Read more >>