The Prime Minister Hubert Minnis Cabinet will soon discuss a proposal to extend the Bahamas Petroleum Company's (BPC) Southern Bain, Cooper, Donaldson and Eneas licenses, according to Romauld Ferreira, Minister of the Environment and Housing. BPC's latest 12-month extension to spud an exploration well ends this month. A decision on the extension is expected shortly, media reported. Earlier in the month, Media cited Attorney General, Carl Bethel, as telling lawmakers that the government would have to decide on the issue. Last year, BPC obtained the extension to give it more time to drill, but the company failed to secure a farm-in partner. BPC's southern blocks are in an area of the shelf-deepwater sector to the south of The Bahamas, close to the Cuban maritime border. The Southern licenses were initially awarded in April 2007, extended to 2012 in 2008 and then renewed into their second exploration period in July 2013. In June 2015, the company secured an extension for the second exploration period for its Southern Bain, Cooper, Donaldson and Eneas licenses. The drilling commencement date was also extended to April 2017 at the time.<P /><P /><P />
Bahamas, Eneas