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Bahamas Petroleum signs rig contract for hotly anticipated Perseverance-1 exploration well

Bahamas Petroleum Company PLC's (LON:BPC) Eytan Uliel speaks to Proactive London's Andrew Scott after inking a rig contract for its Perseverance-1 exploration well which is slated to start potentially as early as the fourth quarter.

The contract commits Stena Drilling to provide a state of the art, sixth generation drilling rig and associated equipment and services.

The well was delayed recently as a result of the coronavirus (COVID-19) pandemic.

Quick facts: Bahamas Petroleum Company PLC

Price: 0.55 GBX

LSE:BPC
Market: LSE
Market Cap: £26.61 m
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