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flag BP finds large oil and gas deposit in Brazil’s pre-salt basin, boosting its 2030 production target.

flag 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. flag Early analysis indicates high-quality reservoir rock and manageable carbon dioxide levels, supporting BP’s confidence in the find. flag The company is accelerating appraisal and development planning, with well testing expected to begin in early 2027. flag 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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