bp hits oil at deepwater Brazil exploration well

bp today announced an oil and gas discovery at the Bumerangue prospect in the deepwater offshore Brazil. bp drilled exploration well 1-BP-13-SPS at the Bumerangue block, located in the Santos Basin, 404 km (218 nautical miles) from Rio de Janeiro, in a water depth of 2,372 m. The well was drilled to a total depth of 5,855 m. 

“We are excited to announce this significant discovery at Bumerangue, bp’s largest in 25 years,” said Gordon Birrell, bp’s executive vice president for Production & Operations.

“This is another success in what has been an exceptional year so far for our exploration team, underscoring our commitment to growing our upstream,” Birrell continued. “Brazil is an important country for bp, and our ambition is to explore the potential of establishing a material and advantaged production hub in the country.”

bp noted that the well intersected the reservoir about 500 m below the crest of the structure and penetrated an estimated 500-m gross hydrocarbon column in high-quality pre-salt carbonate reservoir with an areal extent of greater than 300 square km.

Results from the rig-site analysis indicate elevated levels of carbon dioxide, bp stated. Lab analysis will be conducted to further characterize the reservoir and fluids discovered, which will provide additional insight into the potential of the Bumerangue block. Further appraisal activities are planned to be undertaken, subject to regulatory approval.

bp holds 100% participation in the block with Pré-Sal Petróleo S.A. as the Production Sharing Contract manager. bp secured the block in December 2022 during the 1st Cycle of the Open Acreage of Production Sharing of ANP, on very good commercial terms.

Bumerangue marks bp’s tenth discovery in 2025 to date. bp plans to grow its global upstream production to 2.3-2.5 million boed in 2030, with the capacity to increase production out to 2035.