BPC has commenced drilling of the Perseverance #1 well in The Bahamas’ far-southern waters. PHOTO SOURCE: Stena Drilling – www.stena-drilling.com Bahamas Petroleum Co. plc (LON: BPC) reported that it spudded the Perseverance #1 well off The Bahamas at 6:30 a.m. Eastern time on Monday. Stena Drilling’s IceMAX drillship is operating at Perseverance #1, according to a posting on the drilling contractor’s LinkedIn page. “This is a momentous milestone for both BPC and The Bahamas and represents the culmination of more than ten years work by a team who have remained steadfast in their belief in this project throughout – that it is finally taking place is a testament to the application, skill and professionalism of many people over those years,” commented BPC CEO Simon Potter. “The well will be drilled to the highest environmental and safety standards over the next 45 to 60 days. Our shareholders have been extremely […]