CARIBBEAN and Atlantic margin-focused oil junior Challenger Energy is looking for a partner to drill a second exploration well offshore the Bahamas in the next three years to help de-risk the new frontier play. After more than a decade in the waiting, Challenger - which recently changed its name from Bahamas Petroleum Company and appointed a new chief executive - last December spudded the Per-severance-1 wildcat in hopes of making a sizeable find in the country. Perseverance-1 was drilled in about 518 metres of water with the Stena Drilling drillship Stena Ice-Max, but despite having hit hydrocarbons at various sections, the prospect was later declared non-commercial. "We are sticking with the licences in the Bahamas. We have submitted all paperwork for that, and we are now waiting on the government to respond," Challenger's new boss Eytan Uliel told Upstream in an interview.
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