BP confirms biggest oil and gas field discovery in 25 years
Energy giant BP has announced its biggest oil and gas field discovery in 25 years after a drilling off the coast of Brazil.
The company’s vice president for oil production, Gordon Birrell, said it was a “significant discovery” and the largest since 1999, when a giant gasfield in the Caspian Sea was discovered. It is expected to contain a mix of gas and oil as well as condensate, which is a liquid form of natural gas.
The size of the field in the Bumerangue prospect is more than 300 square kilometres – about three times the size of central Paris.
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Karl Matchett4 August 2025 15:00
Business news live – Monday 4 August
Good morning and welcome to our business live blog covering the usual company news, FTSE 100 and stock market movements and everything regarding your money.
Today we also take on board the car loan…
