We carried out a screening study for an exploration license in a deep water section of the territorial waters of the Bahamas. A range of potential prospective oil field sizes were evaluated ranging from 30-150 million barrels recoverable. The study’s key objective was to establish if economic solutions could be established for development of these relatively small prospective fields. In addition detailed planning and cost assessments were carried out on the planned exploration drilling based on shallow and deep water drilling rigs. Exploration, appraisal, development and operating cost estimates were generated using our NETCO$TER Cost Evaluation Software.