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.
