bp progresses plans for the significant Bumerangue discovery, offshore Brazil

bp has provided an update following its significant hydrocarbon discovery at the Bumerangue block, located in the pre-salt Santos Basin offshore Brazil.

Following the initial discovery announced in August, laboratory and pressure gradient analyses have confirmed the presence of an approximately 1,000-metre gross hydrocarbon column, comprising around 100 metres of gross oil and 900 metres of liquids-rich gas condensate. Given the presence of liquids throughout the hydrocarbon column, the high-quality reservoir characteristics, and bp’s extensive experience in deepwater developments and technology, the company is confident that carbon dioxide in the reservoir can be effectively managed.

Further laboratory testing and analysis are underway to determine fluid characteristics, gas-to-oil and condensate-to-gas ratios, and to estimate in-place volumes. bp plans to provide additional updates in due course. Appraisal planning is ongoing, with well activities expected to begin 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 among 12 exploration discoveries bp has made this year across multiple basins, including the Gulf of Mexico and Namibia, through Azule Energy — its 50:50 independent joint venture with Eni.