List of firms searching for oil in the Bahamas released

Wed, Mar 14th 2012, 11:00 PM

THE Ministry of Environment has issued a list of the companies granted licenses to search for oil in the Bahamas and their current status in response to continuing claims that the moratorium on exploratory drilling is being violated.

Releasing the list, Environment Minister Earl Deveaux reiterated that the government told all licensees to "hold off" on drilling in 2008 due to boundary talks with Cuba, and the moratorium was extended following the 2010 Deepwater Horizon oil spill in the Gulf of Mexico.

Mr Deveaux said the moratorium is very much still in place and will continue to be until extensive study and consultation is carried out.

He said: "The way of life in the Bahamas is d ...

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