Challenger Energy, the company previously known as the Bahamas Petroleum Company, has formally signed a license agreement for the AREA OFF-1 petroleum license offshore Uruguay.The AREA OFF-1 license has a total area of approximately 15,000 km2 and is situated in water depths from 20 to 1000 meters…
Challenger Energy, the company until recently known as the Bahamas Petroleum Company, is seeking an extension to the license period for its offshore blocks in the Bahamas after it earlier this year drilled an offshore well that failed to unearth commercial quantities of oil…
Bahamas Petroleum Company, an oil and gas company focused on the Caribbean and Atlantic margin, which earlier this year failed to unearth commercial quantities of oil from the closely watched Perseverance well offshore the Bahamas, is changing its name…
Bahamas Petroleum Company (BPC) said Monday that its Perseverance #1 well offshore The Bahamas has encountered oil, however, not in commercial volumes.'The Perseverance #1 well in The Bahamas has encountered hydrocarbons, successfully validated the structural model and the petroleum system…
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…
Environmental activists are seeking to prevent Bahamas Petroleum Company from drilling its Perseverance #1 well offshore the Bahamas, just days ahead of the expected spud date.As previously reported, Bahamas Petroleum Company has hired Stena…
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…
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…
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…
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 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…
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…
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 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 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…
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