BPC details goals of offshore Bahamas well review

Feb. 16, 2021
Perseverance #1 well confirms presence of working hydrocarbon system.

Offshore staff

NASSAU, The BahamasThe drillship Stena ICEMAX has left the location of BPC’sPerseverance #1 well offshore The Bahamas, having completed P&A operations.

BPC’s remaining tasks in connection with the campaign are to complete final well reports, statutory documentation and other formal records.

Although the well did not prove commercial oil volumes, it did confirm the presence of a working hydrocarbon system, validating the company's structural play concept.

The well also verified the presence of seals, high-porosity reservoir and hydrocarbon charge, all of which point to hydrocarbon potential in various independent, untested play systems and structures seismically identified from 2D and 3D within the licenses, BPC said.

Since announcing the result, the company has received approaches from various parties in the industry and has engaged Gneiss Energy to help attract broader industry interest in a farm-in to the company’s four southern offshore exploration licenses.

Post drilling subsurface evaluation has started, including cuttings analysis and geologic age dating, petrophysical analysis, gas chromatography and recalibration of the exploration play concepts.

Results will assist revision of stratigraphic and structural models and assessment of the extent of vertical closures.