BP Announces Major Hydrocarbon Find at Bumerangue Offshore Brazil

BP has announced a significant hydrocarbon discovery at the Bumerangue exploration well located offshore Brazil. The well penetrated a reservoir approximately 500 meters below the structure's crest, revealing an estimated 500-meter-thick gross hydrocarbon column within a high-quality pre-salt carbonate formation spanning over 300 square kilometers. Initial rig-site analyses indicate elevated levels of carbon dioxide, prompting BP to initiate laboratory testing to better understand the reservoir and fluid characteristics. Further appraisal activities are planned, subject to regulatory approvals, to evaluate the full potential of the Bumerangue block. Gordon Birrell, BP's Executive Vice President of Production & Operations, expressed enthusiasm about the discovery, highlighting it as BP's largest in 25 years. He emphasized BP's commitment to upstream growth in Brazil, a key strategic focus for the company. BP holds a 100% stake in the Bumerangue block, which was acquired in December 2022 through the ANP's first open acreage cycle, on favorable commercial terms. This discovery marks BP's tenth in 2025, following earlier finds in Trinidad, Egypt, the Gulf of Mexico, Libya, Brazil, ...