bp progresses plans for the significant Bumerangue discovery, offshore Brazil
bp today provides an update following its significant hydrocarbon discovery at the Bumerangue block, located in the pre-salt Santos Basin, offshore Brazil.
Following the announcement of the discovery in August, initial laboratory and pressure gradient analysis has confirmed the presence of a ~1,000 metre gross hydrocarbon column including a ~100 metre gross oil column and a ~900 metre gross liquids rich gas-condensate column. Given the presence of liquids across the entire hydrocarbon column, the high-quality rock properties observed and bp’s extensive technology and deepwater developments experience, bp believes that the carbon dioxide in the reservoir can be managed.
bp is continuing laboratory testing and other analysis to determine fluid characteristics, gas-to-oil and condensate-to-gas ratios and an estimate of in-place volumes and will provide an update in due course. Planning of appraisal activities is ongoing with well activities expected to commence in early 2027, subject to regulatory approval.
“2025 has seen significant strategic progress across bp’s Upstream with record plant reliability, six major project start-ups, five more sanctioned and a string of exploration discoveries including Bumerangue. We are still in the exploration phase for Bumerangue, however, initial results and analysis are extremely encouraging as they indicate a very large hydrocarbon column and a significant volume of liquids in the reservoir.”
Gordon Birrell, EVP, production & operations
Gordon Birrell, bp’s executive vice president for Production & Operations said: “2025 has seen significant strategic progress across bp’s Upstream with record plant reliability, six major project start-ups, five more sanctioned and a string of exploration discoveries including Bumerangue. We are still in the exploration phase for Bumerangue, however, initial results and analysis are extremely encouraging as they indicate a very large hydrocarbon column and a significant volume of liquids in the reservoir.
“We are pleased about what we have seen to date and our confidence in the potential of this field has increased. We have a team in place and are accelerating work on proposed appraisal activities and potential development concepts, which will include the potential for an early production system.”
Bumerangue is one of 12 exploration discoveries that bp has made this year across several basins, including the Gulf of America and Namibia, through Azule Energy, its 50-50 independent joint venture with Eni.
Notes to editors
- bp drilled exploration well 1-BP-13-SPS at the Bumerangue block, located in the Santos Basin, 404 kilometres (218 nautical miles) off the coast of Brazil, in a water depth of 2,372 metres. The well was drilled to a total depth of 5,855 metres.
- The well intersected the reservoir containing a high-quality pre-salt carbonate rock with an areal extent of greater than 300 square kilometres.
- bp holds 100% participation in the block with Pré-Sal Petróleo S.A. as the Production Sharing Contract manager. bp secured the block in December 2022 during the 1st Cycle of the Open Acreage of Production Sharing of ANP.•
- The discovery marks bp’s largest in 25 years, reinforcing the company’s commitment to growing its upstream portfolio and establishing a material, advantaged production hub in Brazil.
- bp has operated in Brazil for more than 50 years and currently holds interests in six offshore blocks, operating two of them directly.
Cautionary statement
In order to utilize the ‘safe harbor’ provisions of the United States Private Securities Litigation Reform Act of 1995 (the ‘PSLRA’) and the general doctrine of cautionary statements, bp is providing the following cautionary statement. This press release contains certain forecasts, projections and forward-looking statements – that is, statements related to future, not past events and circumstances – with respect to the financial condition, results of operations and businesses of bp and certain of the plans and objectives of bp with respect to these items. These statements are generally, but not always, identified by the use of words such as ‘will’, ‘expects’, ‘is expected to’, ‘targets’, ‘aims’, ‘should’, ‘may’, ‘objective’, ‘is likely to’, ‘intends’, ‘believes’, ‘anticipates’, ‘plans’, ‘we see’ or similar expressions. In particular, the following, among other statements are all forward-looking in nature: expectations in relation to the outcome of continuing laboratory testing and analysis of hydrocarbon samples recovered from the Bumerangue block including in respect of the characteristics of the reservoir and the hydrocarbons discovered and the insight that analysis may provide into the potential of the Bumerangue block including potential in-place volumes, and bp’s plans and expectations in relation to any further appraisal activities. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will or may occur in the future and are outside the control of bp. Actual results or outcomes, may differ materially from those expressed in such statements, depending on a variety of factors, including the risk factors discussed under “Risk factors” in bp’s most recent Annual Report and Form 20-F as filed with the US Securities and Exchange Commission and in any of our more recent public reports.
Our most recent Annual Report and Form 20-F and other period filings are available on our website at www.bp.com, or can be obtained from the SEC by calling 1-800-SEC-0330 or on its website at www.sec.gov. This announcement contains references to non-proved resources that the SEC's rules prohibit us from including in our filings with the SEC. U.S. investors are urged to consider closely the disclosures in our Form 20-F, SEC File No. 1-0626