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BP finds large oil and gas deposit in Brazil’s pre-salt basin, boosting its 2030 production target.
BP has confirmed a major hydrocarbon discovery at the Bumerangue block in Brazil’s pre-salt Santos Basin, with an initial hydrocarbon column of about 1,000 meters, including 100 meters of oil and 900 meters of liquids-rich gas.
Early analysis indicates high-quality reservoir rock and manageable carbon dioxide levels, supporting BP’s confidence in the find.
The company is accelerating appraisal and development planning, with well testing expected to begin in early 2027.
The discovery is seen as a key step toward BP’s goal of increasing upstream production to 2.5 million barrels per day by 2030.
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BP encuentra grandes depósitos de petróleo y gas en la cuenca pre-sal de Brasil, impulsando su objetivo de producción para 2030.