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Bahamas | Controversial oil exploration fizzles

Bahamas Petroleum Company’s controversial bid to drill for offshore oil near the Florida coast hit a wall after its exploratory well did not find commercially viable reserves.

Environmentalists in the Bahamas and the U.S. staunchly opposed the offshore drilling they say threatens the fragile marine ecosystem. The Perseverance #1 well is located 240 kilometers (150 miles) from the coast of Florida and 146 km (91 mi) from the nearest Bahamian island of Andros.

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