South America / GoM
Country profile: Bahamas
|Location:||Caribbean, chain of islands in the North Atlantic Ocean, southeast of Florida, northeast of Cuba|
|Climate:||tropical marine; moderated by warm waters of Gulf Stream|
|Terrain:||long, flat coral formations with some low rounded hills|
|Size:||13940 sq. km total (Land area: 10070 sq. km Water area: 3870 sq.km)|
|Languages:||English (official), Creole (among Haitian immigrants)|
|Government:||constitutional parliamentary democracy|
|Legal system:||based on English common law|
|Currency:||Bahamian dollar (BSD)|
Energy production and consumption
|Consumption:||26,000 bbl/day (2005 est.)|
|Exports:||41,290 bbl/day (2004)|
|Imports:||68,250 bbl/day (2004)|
Bahamas - recent news
|30 Sep 20
||Bahamas: Bahamas Petroleum announces Perseverance-1 operational update
In the lead-up to drilling of its first exploration well in The Bahamas - Perseverance-1 - BPC has provided an update in relation to preparation for well operations. Perseverance-1, at 100% equity to BPC, is expected to spud before Christmas 2020, and is targeting recoverable prospective resources of 0.7 - 1.4 billion barrels of oil.
|25 Sep 20
||Bahamas Petroleum announces spud date for Perseverance-1 well
Bahamas Petroleum Company (BPC) has received formal notification from Stena Drilling nominating the Stena IceMAX as the intended drill rig for the upcoming Perseverance-1 drilling campaign. The date for anticipated spud of Perseverance-1 is prior to Christmas 2020.
|01 Jun 20
||Bahamas Petroleum announces final results for the year ended 31 December 2019
Bahamas Petroleum Company has announced its final results for the year ended 31 December 2019. Significant progress has been achieved during the year toward drilling the Perseverance-1 well in 2020, offshore The Bahamas.
|26 May 20
||Bahamas: Bahamas Petroleum signs rig contract for Perseverance-1 well
Bahamas Petroleum Company has announced that, having postponed its Perseverance-1 drilling operation from H1 2020 due to the Covid-19 pandemic, it has entered into a definitive contract with Stena Drilling for provision of a drilling rig as soon as Q4 2020.
|25 Mar 20
||Bahamas: Bahamas Petroleum provides update on the timing of the Perseverance-1 well
Bahamas Petroleum Company has provided an update in relation to the timing for the drilling of Perseverance-1, its first exploration well in The Bahamas. Due to the impact of COVID-19, drilling operations are being rescheduled to October 2020 onwards.
Bahamas - more news
Other countries in this region
- Costa Rica,
- Dominican Republic,
- French Guiana,
- Gulf of Mexico,