Bahamas Petroleum to spud Perseverance #1 in December

    Sept. 25, 2020
    Bahamas Petroleum Co. (BPC) will drill Perseverance #1, offshore Bahamas, utilizing the Stena IceMAX drilling rig. Well spud is expected 3-4 days following the rigs arrival in the B-North segment of the Cooper license on Dec. 15.

    Bahamas Petroleum Co. (BPC) will drill Perseverance #1, offshore Bahamas, utilizing the Stena IceMAX drilling rig. Well spud is expected 3-4 days following the rigs arrival in the B-North segment of the Cooper license on Dec. 15 (OGJ Online, Feb. 26, 2020).

    The Stena IceMAX is a harsh environment DP class 3 drillship capable of drilling in water depths up to 10,000 ft with a fully integrated managed pressure drilling system.

    Perseverance #1 will be drilled to a depth of 4,800-5,600 m. It is targeting 0.77 billion bbl recoverable P50 oil resources with an upside of 1.44 billion bbl.

    BPC 100% owns and operates Perseverance #1.

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