bp will seek a partner for its major Bumerangue oil and gas discovery in Brazil and could close a deal before making a final investment decision on the project, the oil major's country head said on Thursday, according to a Reuters report.
bp announced an oil and gas discovery at the Bumerangue prospect in August 2025. The exploration well 1-BP-13-SPS at the Bumerangue block, located in the Santos Basin, 404 kms (218 nautical miles) from Rio de Janeiro, in a water depth of 2,372 metres, was drilled to a total depth of 5,855 metres. The well intersected the reservoir about 500 metres below the crest of the structure and penetrated an estimated 500 metre gross hydrocarbon column in high-quality pre-salt carbonate reservoir with an areal extent of greater than 300 sq kms. bp described Bumerangue as a significant discovery and its largest in 25 years.
bp currently holds a 100% interest in the licence, which was secured in December 2022 during the 1st Cycle of the Open Acreage of Production Sharing of ANP, on 'very good commercial terms'.
For further info, see bp's announcement: bp announces hydrocarbon discovery at Bumerangue exploration well, offshore Brazil (August 4th 2025)
Click here for Reuters announcement
