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.

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.

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.