{"id":1847,"date":"2025-08-04T14:24:32","date_gmt":"2025-08-04T14:24:32","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/08\/04\/bp-discovers-biggest-oil-and-gas-find-in-25-years-in-this-country-business-news\/"},"modified":"2025-08-04T14:24:32","modified_gmt":"2025-08-04T14:24:32","slug":"bp-discovers-biggest-oil-and-gas-find-in-25-years-in-this-country-business-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/08\/04\/bp-discovers-biggest-oil-and-gas-find-in-25-years-in-this-country-business-news\/","title":{"rendered":"BP Discovers Biggest Oil And Gas Find In 25 Years In This Country | Business News"},"content":{"rendered":"


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BP discovered major oil and gas reserves at the Bumerangue block in Brazil\u2019s Santos Basin, its largest find in 25 years. The offshore well reached 5,855 meters deep.<\/h2>\n
\"News18\"<\/p>\n

News18<\/p>\n<\/figure>\n

Energy giant bp has announced a major oil and gas discovery at the Bumerangue block in Brazil\u2019s Santos Basin, marking its largest find in over two decades. The exploration well 1-BP-13-SPS was drilled 404 kilometres (218 nautical miles) offshore from Rio de Janeiro, in a water depth of 2,372 metres, reaching a total depth of 5,855 metres.<\/p>\n

This also marks the return of bp to hydrocarbons or fossil fuels.<\/p>\n

The well intersected the reservoir approximately 500 metres below the structure\u2019s crest and penetrated a gross hydrocarbon column of around 500 metres within high-quality pre-salt carbonate rock. The reservoir spans over 300 square kilometres, indicating significant resource potential.<\/p>\n

Preliminary rig-site analysis showed elevated carbon dioxide levels. bp will now conduct detailed laboratory studies to better understand the reservoir characteristics and fluid composition. Further appraisal work is planned, subject to regulatory approvals.<\/p>\n

\u201cThis is a significant discovery\u2014bp\u2019s largest in 25 years,” said Gordon Birrell, Executive Vice President for Production & Operations at bp. \u201cIt highlights the strength of our exploration team and reinforces our strategic focus on expanding our upstream business. Brazil remains a key growth region for us, and we\u2019re looking at the possibility of developing a major production hub here.”<\/p>\n

bp holds 100% equity in the Bumerangue block, with Pr\u00e9-Sal Petr\u00f3leo S.A. managing the Production Sharing Contract. The block was acquired in December 2022 during the 1st Cycle of ANP\u2019s Open Acreage of Production Sharing on favourable commercial terms.<\/p>\n

The Bumerangue find marks bp\u2019s tenth exploration success in 2025. Other recent discoveries have been made in Trinidad, Egypt, the Gulf of Mexico, Libya, Namibia, Angola, and other parts of Brazil. The company aims to grow its global upstream production to 2.3\u20132.5 million barrels of oil equivalent per day by 2030, with potential increases through 2035.<\/p>\n

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Varun Yadav<\/a><\/p>\n

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Stay updated with all the latest business news, including market trends<\/a>,\u00a0stock updates<\/a>,\u00a0tax<\/a>, IPO,\u00a0banking finance<\/a>, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates\u2014only on News18. Also\u00a0Download the\u00a0News18 App<\/a>\u00a0to stay updated!<\/span><\/div>\n

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Last Updated:August 04, 2025, 19:12 IST BP discovered major oil and gas reserves at the Bumerangue block in Brazil\u2019s Santos Basin, its largest find in 25 years. The offshore well reached 5,855 meters deep. News18 Energy giant bp has announced a major oil and gas discovery at the Bumerangue block in Brazil\u2019s Santos Basin, marking…<\/p>\n","protected":false},"author":1,"featured_media":1848,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-1847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/1847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=1847"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/1847\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/1848"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=1847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=1847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=1847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}