Bahamas Petroleum Receives Exploration Extension due to COVID-19 Pandemic
Drilling Activity Details
Locations
Bahamas
Operators
Post Date
Shore Type
Well Name
#1-Perseverance
Geo Coordinate
Drilling Activity Summary
Description
Bahamas Petroleum Co. has been given an extension to its exploration period to drill an offshore Bahamas test, #1-Perseverance, in the Cooper Block. The extension was granted due to the force majeure declaration called because of the current COVID-19 pandemic in the Bahamas. The extension deadline is April 2021. Drilling operations will include managed pressure drilling. The venture is targeting a recoverable P50 prospective oil resources of approximately 700 MMbbl with an upside of 1.44 billion bbl. Bahamas Petroleum is based in the Isle of Man.
Description
Bahamas Petroleum Co. has been given an extension to its exploration period to drill an offshore Bahamas test, #1-Perseverance, in the Cooper Block. The extension was granted due to the force majeure declaration called because of the current COVID-19 pandemic in the Bahamas. The extension deadline is April 2021. Drilling operations will include managed pressure drilling. The venture is targeting a recoverable P50 prospective oil resources of approximately 700 MMbbl with an upside of 1.44 billion bbl. Bahamas Petroleum is based in the Isle of Man.