BP has made its largest discovery in 25 years with a new oil and gas find in the Santos Basin, approximately 250 miles off the coast of Rio de Janeiro, the company announced on Monday, August 4, 2025.
According to the release, the company’s exploration well, 1-BP-13-SPS, at the Bumerangue block, revealed a substantial hydrocarbon column in a high-quality pre-salt carbonate reservoir.
The well, drilled to a total depth of 5,855 meters in 2,372 meters of water, penetrated an estimated…
