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BP's monster oil field found to be twice as big as previously thought

Summary by This Is Money
The UK-listed oil giant earlier this year hailed the Bumerangue site off the coast of Brazil as the most significant find in 25 years.

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BP detailed on Friday (October 31, 2025) technical information about the Boomerang block in the Santos Basin, where it announced in August the company's largest discovery in 25 years. According to the company, laboratory analyses and pressure gradient measurements confirmed a crude hydrocarbon column of approximately 1,000 meters, with 100 meters of oil and 900 meters of liquid-rich gas-condensate. The discovery was announced on August 4, and at…

According to BP, initial analyses indicate a depth of 1,000 meters of oil and condensate in a reservoir covering 300 square kilometers.

·Brazil
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Oil & Gas 360 broke the news in Denver, United States on Thursday, October 30, 2025.
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