Let's stick to the facts17 Jan 2021 19:00
Bahamas Exploration Well – Perseverance #1
About Perseverance #1
Perseverance #1 is an exploration well, located in the far-southern waters of The Bahamas, with drilling on track to begin in December 2020. In gaining its Environmental Authorisation, BPC adhered to all applicable Bahamian laws, guidelines, international standards and best practices as demanded by the legislation.
In the event of success, Perseverance #1 has the potential to be economically transformative for the nation of The Bahamas, and could ultimately contribute billions of dollars in royalty revenues to the national treasury.
The well site is located in the far-southern waters of The Bahamas, in an international shipping thoroughfare which already hosts considerable daily shipping traffic, including numerous oil tankers. The well site is more than 90 miles from the nearest inhabited Bahamian island (Andros), and approximately 270 miles from Nassau. The well site is not in a marine protected area, and is remote from regular Bahamian fishing and tourism industries.