NASSAU, The Bahamas – The drillship Stena IceMAX has completed operations on the Perseverance #1 exploration well offshore The Bahamas. According to operator Bahamas Petroleum Co. (BPC), the well encountered hydrocarbons at various intervals based on gas chromatography readings, including oil in various reservoir sections, but not in commercial volumes. Drilling, originally scheduled for spring 2020, eventually started on Dec. 20 and […] Read more