A new report by the United States Geological Survey (USGS) has assessed The Bahamas platform as holding up to 4.3 billion barrels.
The study, entitled "Assessment of Undiscovered Conventional Oil and Gas Resources of South America and the Caribbean, 2012", provides an objective, third-party examination of this country's oil reserves. According to the report, The Bahamas has an average potential of 1.9 billion barrels of recoverable oil.
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