BP Discovers Biggest Oil And Gas Find In 25 Years In This Country
BP discovered major oil and gas reserves at the Bumerangue block in Brazil's 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's 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.
This also marks the return of bp to hydrocarbons or fossil fuels.
The well intersected the reservoir approximately 500 metres below the structure's 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.
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.
'This is a significant discovery—bp's largest in 25 years," said Gordon Birrell, Executive Vice President for Production & Operations at bp. 'It 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're looking at the possibility of developing a major production hub here."
bp holds 100% equity in the Bumerangue block, with Pré-Sal Petróleo S.A. managing the Production Sharing Contract. The block was acquired in December 2022 during the 1st Cycle of ANP's Open Acreage of Production Sharing on favourable commercial terms.
The Bumerangue find marks bp's 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 2.3–2.5 million barrels of oil equivalent per day by 2030, with potential increases through 2035.
view comments
First Published:
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
14 minutes ago
- News18
Rane (Madras) posts Rs 16.5 cr PAT in Q1
Agency: PTI Last Updated: Mumbai, Aug 5 (PTI) Auto component maker and Rane Group firm Rane (Madras) on Tuesday posted an increase in consolidated profit after tax of Rs 18.5-crore in the June quarter. The company had recorded a consolidated PAT of Rs 14.6 crore in the first quarter of FY25, Rane (Madras) said in a statement. Total revenue for the quarter under review stood at Rs 884.4 crore, up 7.4 per cent from Rs 823.8 crore in the April-June period of the previous fiscal year, it said. Sales to domestic original equipment (OE) customers grew 7 per cent on the back of higher off-take in the passenger vehicle and farm tractor segment. Sales to international customers increased 15 per cent supported by strong offtake of steering products while sales to the domestic aftermarket customers declined 2 per cent, the company said. The company said it is closely monitoring the evolving tariff decisions in the US, which accounts for 8 per cent of its total sales. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
14 minutes ago
- News18
Don't give China pass, burn relationship with strong ally India: Nikki Haley
Agency: PTI Last Updated: New York, Aug 5 (PTI) The US should not burn its relationship with a 'strong ally like India" and give a pass to China, Indian-American Republican leader Nikki Haley said on Tuesday, amid President Donald Trump's attacks against New Delhi over tariffs and purchases of Russian oil. 'India should not be buying oil from Russia. But China, an adversary and the number one buyer of Russian and Iranian oil, got a 90-day tariff pause," Haley said in a post on X. 'Don't give China a pass and burn a relationship with a strong ally like India," she said. Haley, the former Governor of South Carolina, was the US Ambassador to the United Nations under Trump's first presidential term, becoming the first Indian-American to be appointed to a cabinet-level post in the US administration. In 2013, she officially announced her candidacy for the 2024 presidential election and withdrew from the race in March last year. Her comments came hours after Trump said India has not been a 'good trading partner" and announced he will raise tariffs on India 'very substantially over the next 24 hours" because New Delhi is buying Russian oil and 'fueling" the 'war machine". India on Monday mounted an unusually sharp counterattack on the US and the European Union for their 'unjustified and unreasonable" targeting of New Delhi for its procurement of Russian crude oil. Meanwhile, Trump, in an interview with CNBC responded to a question on China and its leader, Xi Jinping, and said, 'We have a very good relationship". Trump added that he might have a meeting with the Chinese President 'before the end of the year, most likely, if we make a deal." He said he won't have a meeting if a deal doesn't materialise. 'But we're getting very close to a deal. We're getting along with China very well." Trump added that China is 'very reliant" on the US. 'My relationship with them is very good. I think we'll make a good deal. It's not imperative, but I think we're going to make a good deal." He added that he has had a 'great relationship" with President Xi. 'We respect him a lot. They respect us a lot." PTI YAS GRS GRS GRS GRS view comments First Published: August 05, 2025, 21:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
44 minutes ago
- News18
Spirit Air unveils flight operational plan for Bihar under UDAN scheme
Patna, Aug 5 (PTI) Spirit Air on Tuesday announced its flight operational plan in Bihar under the Ministry of Civil Aviation's flagship regional connectivity scheme (RCS) — UDAN (Ude Desh Ka Aam Nagrik). 'Spirit Air will begin operations in phases from the upcoming airports in Bihar that include: Birpur, Saharsa, Munger, Madhubani, Muzaffarpur, Raxaul, Valmiki Nagar and Bihta," said the company in a press statement issued here on Tuesday. A high-level meeting between the promoter of Spirit Air, Subodh Verma and Additional Chief Secretary (Cabinet Secretariat), Bihar government, S Siddharth was held here on Tuesday. The flight operational plan of Spirit Air under UDAN in Bihar was discussed at length. 'The upcoming airports in Bihar will be connected to: (1)Varanasi — providing onward connections to Delhi, Mumbai, Ahmedabad (2) Bangalore — Hyderabad, Chennai through Spirit Air's partner airlines (3) Bihta — to facilitate direct access to the state capital, Patna and Bihta to Jamshedpur, Bokaro," said the statement. In Phase II, Spirit Air will introduce international connectivity, including: Muzaffarpur to Kathmandu and Janakpur (Nepal), Birpur to Rajbiraj and Biratnagar (Nepal) and Valmiki Nagar to Kathmandu and Bhairahawa (Nepal) and Bihta to Kathmandu, it said. 'This strategic initiative aligns with the Government of India's vision to make air travel accessible to the common citizen and catalyse regional growth across underserved areas. Its versatile fleet for upcoming RCS operations in Bihar will include: Islander BN2T-4S-STOL, capable, adaptable for passenger, cargo, and medevac operations and King Air 250–high-performance aircraft offering comfort, pressurisation, and multi-mission flexibility," said the release. The Bihar Cabinet on June 17 this year gave its go ahead for signing the Memorandum of Understanding (MoU) between the Directorate of Aviation of the state government and the Airports Authority of India (AAI) for developing airports in six cities. The new airports will be developed in Madhubani, Birpur in Supaul, Munger, Valmiki Nagar in Bettiah, Muzaffarpur and Saharsa under the Centre's UDAN scheme. A total of Rs 150 crore (25 crore for each airport) has been allocated for the purpose by the authorities concerned. PTI PKD RG view comments First Published: August 05, 2025, 20:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
