BP has confirmed a significant hydrocarbon discovery at the Bumerangue prospect in the deep-water Santos Basin offshore Brazil. The exploration well, 1-BP-13-SPS, was drilled to a total depth of 5,855m and has revealed a promising hydrocarbon column in a high-quality pre-salt carbonate reservoir.

BP has made its largest oil and gas discovery in 25 years offshore Brazil, it said on Monday, in a potential big boost for the British company following its strategic shift away from renewable energy to refocus on fossil fuels.

British oil and gas giant BP on Monday announced that it has made its biggest oil and gas discovery in more than two decades thanks to a drilling operation off the coast of Brazil.