On Jan 30, 2020 BPC announced a plan to drill by April 2020 and is seeking the required approval to start. The project timeline has been impacted by coronavirus and the estimated drill date is now expected to be in Fall 2020.
Bahamas Petroleum Company (BPC) has five licenses for offshore oil exploration covering approximately 4 million acres in waters around The Bahamas. These licenses require final approval from the Bahamian government to proceed and will expire if BPC does not commence drilling by the end of 2020.
Quick action is required to protect The Bahamas from a new offshore drilling industry.