BP has made a landmark oil and gas discovery at the Bumerangue prospect in Brazil’s Santos Basin, marking the energy major’s largest find in a quarter-century.
The exploration well 1-BP-13-SPS was drilled approximately 404 km offshore from Rio de Janeiro in a water depth of 2,372 meters, reaching a total depth of 5,855 meters. The well intersected a 500-meter gross hydrocarbon column in high-quality pre-salt carbonate reservoirs, with an areal extent estimated at over 300 square kilometers.
Initial rig-site analysis indicates elevated levels of carbon dioxide. BP is now preparing for comprehensive laboratory analysis and further appraisal activities, pending regulatory approvals.
BP holds 100% interest in the Bumerangue block, secured under Brazil’s ANP Production Sharing Auction in December 2022. Pré-Sal Petróleo acts as the PSC manager.
Gordon Birrell, BP’s EVP for Production & Operations, commented:
“We are excited to announce this significant discovery at Bumerangue, BP’s largest in 25 years. It has been an exceptional year for our exploration team. Brazil is a key country for BP, and this discovery reinforces our ambition to build a strong, advantaged upstream hub here.”
The Bumerangue find is BP’s tenth discovery in 2025, joining a string of exploration successes across Trinidad, Egypt, the Gulf of America, Libya, Angola, and Namibia—showcasing BP’s upstream momentum.
The company aims to scale global upstream production to 2.3–2.5 million boe/day by 2030, with potential growth beyond 2035.
