BP's Monumental Discovery in Brazil

In a groundbreaking announcement on Monday, BP PLC revealed the discovery of a significant oil and gas well in the deepwater offshore Brazil, marking it as the company's largest find in 25 years.

Details of the Discovery

The well, identified as code 1-BP-13-SPS, is situated in the Bumerangue block within the Santos Basin. It lies at an impressive depth of 2,372 meters, approximately 404 kilometers (218 nautical miles) from Rio de Janeiro, with a total depth reaching 5,855 meters.

BP's Strategic Expansion

This discovery aligns with BP's ambitious plan to escalate its global upstream production to between 2.3 and 2.5 million barrels of oil equivalent per day by 2030, with further increases anticipated by 2035.

A Word from BP's Leadership

"Brazil holds a pivotal role in BP's strategy. Our goal is to explore and establish a significant, advantaged production hub within the country," stated Gordon Birrell, BP's Production & Operations Executive Vice President.