bp hits oil at deepwater Brazil exploration well

bp right this moment introduced an oil and gasoline discovery on the Bumerangue prospect within the deepwater offshore Brazil. bp drilled exploration properly 1-BP-13-SPS on the Bumerangue block, situated within the Santos Basin, 404 km (218 nautical miles) from Rio de Janeiro, in a water depth of two,372 m. The properly was drilled to a complete depth of 5,855 m. 

“We’re excited to announce this important discovery at Bumerangue, bp’s largest in 25 years,” mentioned Gordon Birrell, bp’s govt vice chairman for Manufacturing & Operations.

“That is one other success in what has been an distinctive 12 months to date for our exploration group, underscoring our dedication to rising our upstream,” Birrell continued. “Brazil is a vital nation for bp, and our ambition is to discover the potential of creating a fabric and advantaged manufacturing hub within the nation.”

bp famous that the properly intersected the reservoir about 500 m under the crest of the construction and penetrated an estimated 500-m gross hydrocarbon column in high-quality pre-salt carbonate reservoir with an areal extent of higher than 300 sq. km.

Outcomes from the rig-site evaluation point out elevated ranges of carbon dioxide, bp acknowledged. Lab evaluation shall be carried out to additional characterize the reservoir and fluids found, which can present further perception into the potential of the Bumerangue block. Additional appraisal actions are deliberate to be undertaken, topic to regulatory approval.

bp holds 100% participation within the block with Pré-Sal Petróleo S.A. because the Manufacturing Sharing Contract supervisor. bp secured the block in December 2022 throughout the 1st Cycle of the Open Acreage of Manufacturing Sharing of ANP, on excellent industrial phrases.

Bumerangue marks bp’s tenth discovery in 2025 thus far. bp plans to develop its international upstream manufacturing to 2.3-2.5 million boed in 2030, with the capability to extend manufacturing out to 2035.