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BPC has started drilling in Bahamian waters

Updated: Dec 22, 2020

Amid tremendous pushback from local environmental groups and US politicians, Bahamas Petroleum Company has already started drilling an exploratory well in the Bahamas.

Chief Executive Officer Simon Potter made the announcement in a statement on Monday.

“We are very pleased to announce that the drilling of the exploratory well, Perseverance #1 has commenced – the well has been spud.”

“The well will be drilled to the highest environmental and safety standards over the next 45 to 60 days. Our shareholders have been extremely patient, but we are now within a couple of months of understanding the scale of potential resource uplift that might be accessed within the licenses: a potential uplift that is the traditional domain of the oil majors,” Potter said.

The start of exploratory oil drilling follows a protest held by environmentalists over the weekend. U. S. members of Congress also sent a letter to Prime Minister Dr. Hubert Minnis to ask him to rethink the agreement with BPC due to the great harm an oil spill could have on our natural resources.

Environmentalists are taking legal action in an attempt to stop the drilling but the matter has not been heard by the Supreme Court as yet.

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