Minister of the Environment and Housing Romauld Ferreira. (FILE PHOTO)
NASSAU, BAHAMAS Environment and Housing Minister Romauld Ferreira said yesterday that the government’s decision to follow through with its contractual obligations to allow Bahamas Petroleum Company (BPC) to explore for oil is “water under the bridge now”.
Speaking in Parliament yesterday, Ferreira noted that Bahamians must and will decide the direction to be taken on the controversial oil issue.
Hopes of finding commercial quantities of oil in The Bahamas were dashed earlier this week with BPC announcing that it had abandoned its exploratory drilling after its well came up largely dry. The company’s exploratory well Perseverance #1 has now been sealed.