BPC is a full-cycle E&P company with a portfolio of assets in multiple jurisdictions across the Caribbean and South America, providing access to high impact exploration (The Bahamas, Uruguay, Trinidad and Tobago), appraisal and development (Trinidad and Tobago, and Suriname) and valuable production assets (Trinidad and Tobago).
Currently, there is no consistent estimation of reserves and resources across the Company’s expanded portfolio.
For this reason, BPC has initiated a programme of work to commission an independent third-party Competent Person’s Report (CPR) for the Company’s various assets and licences in The Bahamas, Trinidad and Tobago, Suriname, and Uruguay.
BPC is, however, expecting that at the conclusion of this exercise the Company will be able to report a current portfolio-wide 2P reserve of 1 mmbbl (net).
Thereafter, ongoing maturation of resource and reserves across the portfolio is a core business objective, and based on information currently available, the Company is targeting a 2P reserve as at end of 2021 of 10 mmbbl (net), and longer-term of 50 mmbbl (net) at end of 2025 (which could be considerably greater depending on the level of success assumed in The Bahamas).