BPC Limited and StatoilHydro to Reopen Bahamian Energy Exploration with Offshore Joint Venture

PERTH, Australia–  Energy exploration company, BPC Limited (THE COMPANY:  (AIM: ‘BPC’) today announced a new offshore joint venture with Norway’s StatoilHydro (OSE: ‘STL’, NYSE: ‘SO’) to launch the first major exploration project in Bahamian waters since 1986.