RE: Stena Icemax Info21 Nov 2020 20:14
Bahamas Petroleum Company PLC (LON:BPC) this week told investors that the Perseverance-1 exploration well is on track to spud before the end of 2020.
The company is advancing the high impact exploration project, with a target estimated at around 700mln barrels (upside case stated at 1.4bn barrels), on a 100%-owned basis and it noted that all material contracts are in place.
Perseverance-1 will be drilled by the Stena IceMAX vessel which is described as one of the most technically capable drill ships in the world. It is slated to mobilise to the Bahamas from the Canary Islands before the end of November 2020.
Once underway, the well programme is expected to run for between 45 and 60 days. The company noted that specific transportation, isolation and quarantine protocols are in place to minimise any risk of Covid-19 disruption.
Bears are done!!!!!!!
4p next week !!!!!!!