Energy Voice energyvoice.com 27 Sep, 2020 22:00 am

Stena picks IceMAX drillship for Bahamas Petroleum well

Stena picks IceMAX drillship for Bahamas Petroleum well
Bahamas Petroleum Company (BPC) said today that Stena Drilling, of Aberdeen, had nominated a drillship for its Covid-delayed Perseverance well.

Bahamas Petroleum Company (BPC) said today that Stena Drilling, of Aberdeen, had nominated a drillship for its Covid-delayed Perseverance well.London-listed BPC said the Stena IceMAX vessel would start drilling the well in mid-December, targeting almost 800 million barrels of oil.Announcing the contract award in May, BPC said the terms of the Stena deal meant it could lower the cost estimate by 15% for the well.The firm had to postpone the work earlier this year due to the Covid-19 pandemic.

BPC chief executive Simon Potter said: “In March 2020, the Company was within weeks of commencing the drilling of the Perseverance #1 well when compelled to defer operations due to the anticipated impacts of the Covid-19 pandemic.“With the clarity of the anticipated delivery date of the Stena IceMAX into the field this work can now be reactivated against a detailed timetable and progressed.

Read full story at energyvoice.com