"Bahamas Petroleum Company" News

Bahamas Petroleum: Virus Mitigation Measures Lift Costs of Perseverance #1 Drilling

5 hours ago

Bahamas Petroleum Company (BPC), an oil and gas firm which is gearing up to spud its first well offshore the Bahamas next month, has raised the cost estimates for the drilling operation, citing COVID-19 mitigation measures.As previously reported…

Bahamas Petroleum Gearing Up to Spud Perseverance #1 Well Next Month

Nov 17, 2020

Stena Drilling's Stena IceMAX drillship is soon expected to set sail to the Bahamas, where it will spud the Perseverance #1 exploration well for the Bahamas Petroleum Company (BPC). BPC said Tuesday that the drilling rig had completed all necessary vessel and equipment inspections…

BPC to Spud Bahamas Well in December Using Stena IceMAX Drillship

Sep 25, 2020

Bahamas Petroleum Company (BPC) expects to spud its maiden well offshore The Bahamas called Perseverance #1, in December 2020, using the Stena IceMAX drillship.BPC in May signed a drilling contract with Stena Drilling for a sixth-generation drilling rig…

BPC Gets More Time to Spud Perseverance #1 Well

Aug 13, 2020

Bahamas Petroleum Company (BPC) has been given more time to begin drilling at its offshore block in The Bahamas.In an update on Thursday, BPC said that it had received formal notification from the Government of The Bahamas that on an interim basis…

Bahamas Petroleum, Columbus Energy Merger Gets Court Approval

Aug 06, 2020

The proposed all-stock merger between Bahamas Petroleum Company and Columbus Energy Resources was sanctioned by the court on Wednesday, paving way for the merger execution. Bahamas Petroleum Company, an oil firm with exploration assets in the Bahamas…

Bahamas Petroleum, Columbus Energy Propose All-Stock Merger

Jun 11, 2020

Bahamas Petroleum Company, an oil firm with assets in the Bahamas, and as of recently offshore Uruguay, is set to merge with Trinidad-focused Columbus Energy Resources.The boards of directors of the two companies on Thursday said they had reached…

Bahamas Petroleum Expands Portfolio with Uruguay Offshore Block

Jun 09, 2020

Oil and gas firm Bahamas Petroleum Company, expected to spud its first well offshore the Bahamas later this year, has expanded its portfolio.The company on Tuesday said it has been awarded the AREA OFF-1 petroleum licence offshore Uruguay. According to Bahamas Petroleum…

BPC Hires Stena Drillship for Bahamas Drilling

May 26, 2020

Bahamas Petroleum Company (BPC) has signed an offshore drilling rig contract with Stena Drilling. BPC will use the drilling rig to drill its Perseverance #1 prospect offshore The Bahamas.As previously reported, Bahamas has postponed the Perseverance…

Bahamas Petroleum Postpones Drilling for October

Mar 25, 2020

Bahamas Petroleum has decided to delay again the start of the drilling operations on its #Perseverance 1 offshore well in the Bahamas, citing 'the massive, unprecedented and adverse impact of the spread of the Covid-19 virus.'The company recently postponed the spud from April to May/June period…

Coronavirus Puts a Dent in Bahamas Offshore Drilling Plan

Mar 13, 2020

Bahamas Petroleum has delayed its plans to drill an exploration well offshore The Bahamas, citing the impact of the coronavirus on operations.Previously planned to spud in April 2020, the #Preseverance 1 exploration well is now anticipated to be spud in late May or early June…

Bahamas Petroleum Gets Gov't Nod for Perseverance #1 Offshore Well

Feb 27, 2020

Bahamas Petroleum Company has received environmental authorization for its Perseverance #1 offshore well, expected to spud in April offshore The Bahamas.'Authorization represents the conclusion of an extensive and thorough process over many years…

BPC to spud Bahamas well in April

Jan 31, 2020

Bahamas Petroleum expects to start drilling at its first exploration well offshore The Bahamas in April 2020. The company said Thursday that the well, named Perseverance 1, would be drilled in April, with results expected in the second quarter of 2020…

BPC Inks Deal with Baker Hughes

Nov 20, 2019

Bahamas Petroleum Company (BPC) has signed a master services agreement (MSA) with Baker Hughes, as the oil and gas exploration company moves toward drilling its first exploration well in the Bahamas in 2020.In August 2019, following extensive technical discussions and mutual due diligence…

Bahamas to assess petroleum act

Dec 18, 2014

Oil exploration in the Bahamas has taken a step forward after a new Petroleum Act and regulations to guide and govern oil exploration in was placed before the Parliament of The Bahamas. The draft legislation is now likely to go through…

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