BPC aims to firm Bahamas prospects

Bahamas Petroleum Company (BPC) has contracted Seabird Exploration subsidiary Osprey Navigation to acquire a close grid 2D seismic survey off the Bahamas.

Offshore staff

DOUGLAS, UK -- Bahamas Petroleum Company (BPC) has contracted Seabird Exploration subsidiary Osprey Navigation to acquire a close grid 2D seismic survey off the Bahamas.

The M/V Osprey Explorer will conduct this program over BPC’s four southern licenses.

Prior to 2010, BPC could only draw on vintage seismic dating to 1987. Last June the company acquired new data, which it claims proved the existence of potential super-giant traps, with seismic indications of the presence of hydrocarbons.

The 2011 survey will be used to define drillable prospects and in-place resource potential. It is also, according to BPC, the first prospect-level survey in the Bahamas.

Osprey Navigation has a further option to provide seismic acquisition over BPC’s northern license area.

01/11/2011

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