The Bahamas stands to accrue revenues of $5 billion or more should Bahamas Petroleum Company (BPC) strike oil at its Perseverance #1 drill site, the company said. "In a successful development scenario of approximately 0.7 billion barrels (i.e. of the P50 resource level at Perseverance #1 only), and assuming a real US$40 oil price, the ...The post BPC says Bahamas could see $5 billion if it strikes oil appeared first on The Nassau Guardian.

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