Bahamas Petroleum Company seeks partners in its exploratory offshore wells

Bahamas Petroleum Company seeks partners in its exploratory offshore wells

The Bahamas Petroleum Company is making moves in its quest for partners in its licences to drill exploratory offshore wells in the southern waters off the island chain in the West Indies.

Bahamas Petroleum – which has offices in Nassau, the Bahamas and Douglas, the Isle of Man – has already entered into four non-disclosure and confidentiality agreements with prospective farm-in and financing partners.

In July, the oil and gas exploration company raised $3.5m through a share placement of 280 million ordinary shares. That funding is intended to keep the business on track for finding and developing a potential multibillion-barrel resource close to the Cuban maritime border.

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.

Related Posts