US EditionBP makes its largest oil and gas discovery in 25 years offshore Brazil
BRAZIL, AUG 4 – BP's discovery at Bumerangue is its 10th in 2025 and supports its plan to boost global oil production to 2.3-2.5 million barrels per day by 2030, the company said.
- On Monday, BP revealed a major oil and gas find at the Bumerangue block in Brazil's Santos Basin, marking its most significant discovery in more than two decades.
- BP secured the Bumerangue block in 2022 and aims to explore establishing a significant production hub in Brazil amid a strategy refocus on oil and gas.
- BP's tenth discovery in 2025 consists of a 500-meter thick layer of oil and gas within a superior pre-salt carbonate formation covering more than 300 square kilometers.
- Executive Gordon Birrell described the achievement as another triumph during a highly successful year for BP’s exploration team and emphasized their dedication to expanding upstream production.
- The find supports BP's focus on increasing upstream investment to $10 billion annually while the company expects lower overall production in 2025 despite maintaining longer-term growth targets.
53 Articles
53 Articles
BP makes its largest oil and gas discovery in 25 years offshore Brazil
BP has made its largest oil and gas discovery in 25 years offshore Brazil, it said on Monday, in a potential big boost for the British company following its strategic shift away from renewable energy to refocus on fossil fuels.
British oil and gas company BP has discovered a huge oil and gas reserve in the Bumerangue field in the Santos Basin, about 400 kilometers from Rio de Janeiro. BP's chief operating officer Gordon Birrell called the discovery the largest in a quarter of a century.
BP makes its biggest oil and natural gas discovery in 25 years as it refocuses on fossil fuels
BP has made its largest oil and natural gas discovery in 25 years off the coast of Brazil, it said Monday, in a potential big boost for the British company following its strategic shift away from renewable energy to refocus on fossil fuels.
BP announces its biggest discovery in 25 years of oil and gas off the coast of Brazil
BP's Big Bet on Oil Pays Off in Brazil
BP announced on Monday a significant oil and gas discovery in Brazil’s prolific offshore Santos Basin, the supermajor’s biggest in 25 years. BP’s exploration well in the deepwater Bumerangue block found an estimated 500 meter (1,640 ft) gross hydrocarbon column in high-quality pre-salt carbonate reservoir with an areal extent of greater than 300 square kilometers (116 square miles), the UK-based oil and gas major said in a statement. BP plans …
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