BP's New Oil and Gas Reservoir Discovery Near Brazil
December 15, 2025
BP has discovered the largest oil and natural gas reservoir in the last 25 years in the Bumerangue offshore area near Brazil. The reservoir includes about 1,000 meters of hydrocarbons and is considered the company's most significant find. This discovery may host large quantities of oil and gas, although drilling operations are expected to begin in 2027. BP is now planning evaluations for the reservoir and seeking partners for its extraction. This year has also seen significant progress for the company with the development of new projects.