The company said that some of prospects are four-way closure in nature while some are combination stratigraphic-structural traps.
Spectrum, which acquired and processed the 2010 seismic data, was awarded the processing of the seismic.
The award to Spectrum will enable rapid turnaround processing using mathematical algorithms, which have already been determined from the earlier survey of 2010.
The company anticipates that the CPR and processing will take several months to be completed.
Bahamas Petroleum CEO, Dr Paul Crevello said that the prospects identified from ship-board analysis of the seismic data validate the presence of the leads identified in the pre-1987 evaluation.
