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Bp discovers huge deposit oil:
A successful drilling, a massive deposit, and a good timing. Therefore, The British Major BP relies on the South Atlantic to show that its new strategy pays. However, And the markets did not remain indifferent.
A monster under the Atlantic
August 4. Furthermore, 2025, BP has announced that it had discovered a new oil and gas deposit in the Santos basin, 404 kilometers off Brazil. Meanwhile, The announcement is all the more symbolic since it is the biggest discovery of the group in 25 years. However, dixit Gordon Birrell, executive vice-president, in a press release: “We are delighted to announce this significant discovery”.
It’s not just a great promise. In addition, The well, baptized 1-BP-13-SPS, reached 5,855 meters deep, under a water column of 2,372 meters. Consequently, BP evokes 500 meters of column of raw hydrocarbons, in a high quality carbonate tank bp discovers huge deposit oil over 300 km². Therefore, It’s big. And it is entirely under the control of BP. even if the management of the contract goes to the Brazilian company pre-Sal Petróleo its
The announcement fell a few hours before the results of the second quarter of 2025, which also acts as half -yearly results. And that’s good: BP displays an adjusted net profit of $ 2.4 billion (about 2.2 billion euros), better than expectations (1.8 billion). In parallel, the action earns 1.5 % in London, which shows that the turn is well understood.
Because yes, it’s a turn. Since February 2025, BP has officially shot the page of the green transition. No more ambitious objectives in climate matters. Place the concrete: oil, gas, exploration, profitability. And the discovery of the day falls to illustrate this repositioning. “This discovery constitutes a concrete proof”,Confirms the analyst Russ MOULD (AJ Bell).
Brazil becomes central in bp discovers huge deposit oil the BP strategy
The area where the borehole has been carried out is not trivial. The Bumerangue block, acquired in 2022, is one of the major BP bets in the region. The company also planned to drill a new well in 2026, on the Tupinambá block, still in Brazil. Besides that, BP multiplies the announcements: Trinidad, Egypt, Angola, Namibia, Gulf of Mexico … In all, ten discoveries this year, and we are in early August 2025!
This homecoming, literally, is also part of a wider strategy. The objective: to produce between 2.3 and 2.5 million barrels equivalent to oil per day by 2030, with projects already planned until 2035.
On the ground, everything is not yet tied up. Preliminary analyzes show high levels of carbon dioxide in fluids. Laboratory tests are underway to find out what it means exactly, and if the tank is fully exploitable. The Brazilian authorities will also bp discovers huge deposit oil have to validate the rest of the exploration program.
In other words, the potential is there, but also partially to confirm. What is certain is that BP is not in half measures. And that this new deposit falls at the right time: the markets wanted crude, BP in their book.
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