Bahamas: BPC lets contract for seismic survey

By OGJ editors
HOUSTON, Jan. 11
-- Bahamas Petroleum Co. PLC let a contract for a close grid 2D seismic survey on the company’s Bain, Cooper, Donaldson, and Eneas licenses along western Grand Bahamas Bank between Andros Island and northeastern Cuba.

Osprey Navigation Co. Inc., a subsidiary of SeaBird Exploration FZ LLC, will gather the data using the M/V Osprey Explorer.

Before 2010 the existing seismic dated to 1987. The company acquired further seismic in June 2010 using modern, more advanced acquisition technology. The new data proved the existence of potential supergiant traps with seismic indications of the presence of hydrocarbons.

The company anticipates that the 2011 survey will define drillable prospects and resource potential in place. This is the first prospect-level survey in the Bahamas. In addition, the company has the option to shoot seismic using Osprey Navigation in its northern license 50-90 miles east of the Miami-Fort Lauderdale, Fla., coast.



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