insert_link Business / Economics BP strikes major oil & gas discovery in Brazil’s Santos Basin The vessel ‘Valaris DS-15’ that drilled the Bumerangue well. BP said it was too early to assess the quality of the reserves. Photo: by Valaris via Financial Times BP has announced a landmark oil and gas discovery at its Bumerangue prospect in Brazil’s Santos Basin on 4 August, marking its largest find in 25 years. The deepwater well penetrated a 500-meter hydrocarbon column in a high-quality pre-salt reservoir spanning […] today4 August, 2025
