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.
118 Articles
118 Articles
LONDON - British energy company BP announced that it has discovered the largest oil and gas deposit in the last 25 years, further confirming that the company is returning to fossil fuels, its traditional sources of profit, after years of trying to transition to renewable energy sources.
BP announces huge discovery off Rio de Janeiro
BP, the British oil and gas company, has announced its largest oil and gas discovery in 25 years, in the Boomerang Field, an area over 300 square kilometers within Brazil's Santos Basin, roughly 404 kilometers off the coast of Rio de Janeiro.
BP announces largest oil, gas find in 25 years
BP said it made its largest global oil and gas discovery in 25 years off the coast of Brazil, boosting the British major’s efforts to refocus on fossil fuels and shift away from renewables. The find, BP’s 10th this year, could play a big role in the company’s efforts to increase daily oil and gas production by up to 2.5 million barrels. It comes as the start of a big week for BP: It is set to report second-quarter earnings Tuesday, amid pressure…
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