In a launch despatched to Rigzone not too long ago, Gordon Birrell, BP’s government vice chairman for manufacturing and operations, stated “preliminary outcomes and evaluation” on the Bumerangue discover offshore Brazil “are extraordinarily encouraging”.
“2025 has seen important strategic progress throughout BP’s upstream with file plant reliability, six main challenge start-ups, 5 extra sanctioned and a string of exploration discoveries together with Bumerangue,” Birrell stated within the launch.
“We’re nonetheless within the exploration part for Bumerangue, nonetheless, preliminary outcomes and evaluation are extraordinarily encouraging as they point out a really giant hydrocarbon column and a major quantity of liquids within the reservoir,” he added.
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“We’re happy about what we’ve seen thus far and our confidence within the potential of this discipline has elevated,” Birrell continued.
“We’ve got a group in place and are accelerating work on proposed appraisal actions and potential growth ideas, which is able to embody the potential for an early manufacturing system,” Birrell went on to state.
Within the launch, BP famous that, following the announcement of the Bumerangue discover again in August, preliminary laboratory and strain gradient evaluation “has confirmed the presence of a ~1,000 meter gross hydrocarbon column, together with a ~100 meter gross oil column and a ~900 meter gross liquids wealthy gas-condensate column”.
“Given the presence of liquids throughout the whole hydrocarbon column, the high-quality rock properties noticed, and BP’s in depth know-how and deepwater developments expertise, BP believes that the carbon dioxide within the reservoir may be managed,” the corporate stated within the launch.
BP went on to state that it’s persevering with laboratory testing and different evaluation to find out fluid traits, gas-to-oil and condensate-to-gas ratios, and an estimate of in-place volumes. The corporate stated within the launch that it’s going to present an replace “sooner or later”.
“Planning of appraisal actions is ongoing with nicely actions anticipated to start in early 2027, topic to regulatory approval,” BP stated within the launch.
BP highlighted in its launch that the Bumerangue discover marks its largest in 25 years. It additionally identified that Bumerangue is certainly one of 12 exploration discoveries that BP has made this 12 months throughout a number of basins.
In a launch posted on its web site on August 4, BP introduced an oil and gasoline discovery on the Bumerangue prospect within the deepwater offshore Brazil.
BP famous in that launch that it drilled exploration nicely 1-BP-13-SPS on the Bumerangue block, situated within the Santos Basin, 404 kilometers (218 nautical miles) from Rio de Janeiro, in a water depth of two,372 meters. The nicely was drilled to a complete depth of 5,855 meters, that launch highlighted.
“The nicely intersected the reservoir about 500 meters under the crest of the construction and penetrated an estimated 500 meter gross hydrocarbon column in high-quality pre-salt carbonate reservoir with an areal extent of larger than 300 sq. kilometers,” BP stated in that launch.
“Outcomes from the rig-site evaluation point out elevated ranges of carbon dioxide. BP will now start laboratory evaluation to additional characterize the reservoir and fluids found, which is able to present further perception into the potential of the Bumerangue block,” it added.
“Additional appraisal actions are deliberate to be undertaken, topic to regulatory approval,” it continued.
In that launch, Birrell stated, “we’re excited to announce this important discovery at Bumerangue, BP’s largest in 25 years”.
“That is one other success in what has been an distinctive 12 months thus far for our exploration group, underscoring our dedication to rising our upstream,” he added.
“Brazil is a vital nation for BP, and our ambition is to discover the potential of creating a cloth and advantaged manufacturing hub within the nation,” he continued.
BP stated in that assertion that it plans to develop its world upstream manufacturing to 2.3-2.5 million barrels of oil equal a day in 2030, with the capability to extend manufacturing out to 2035.
Additionally again in August, Obo Idornigie, Welligence SVP, Power Traits and Evaluation, advised Rigzone that “BP’s disclosure of the Bumerangue discovery factors to a doubtlessly materials discover” however added that “uncertainties stay relating to its measurement and business viability”.
“Preliminary information signifies elevated CO₂ ranges, a technical problem traditionally undermining the attraction of comparable prospects. An appraisal program can be wanted to evaluate the sphere’s scale and growth potential,” Idornigie advised Rigzone.
Rigzone beforehand contacted BP for touch upon Idornigie’s assertion. A BP spokesperson declined to remark however directed Rigzone to BP’s August 4 launch saying the oil and gasoline discovery on the Bumerangue prospect.
BP famous in its newest launch that it holds a 100% participation within the Bumerangue block with Pré-Sal Petróleo S.A. because the Manufacturing Sharing Contract supervisor. BP secured the block in December 2022 throughout the 1st Cycle of the Open Acreage of Manufacturing Sharing of ANP, it identified.
In a launch posted on its web site final month, BP confirmed a discovery in Namibia’s Orange Basin.
“BP can verify the preliminary outcomes of the Volans-1X exploration nicely in Namibia’s Orange Basin, as reported by operator Rhino Assets,” the corporate stated in that launch.
Petroleum Exploration License 85 (PEL85), the place the nicely was drilled, is operated by Rhino Assets with a working curiosity of 42.5 %, BP identified in that launch, including that the co-venturers within the growth are Azule Power, with a 42.5 % stake, NAMCOR, with a ten % stake, and Korres Investments, with a 5 % curiosity. BP highlighted in that launch that it holds a 50 % curiosity in Azule Power.
“The Volans-1X exploration nicely, drilled utilizing the Northern Ocean’s semi-submersible Deepsea Mira, reached a complete depth of 4,497.5m TVDSS (true vertical depth subsea) and efficiently penetrated the Higher Cretaceous goal,” BP stated within the launch.
“The nicely encountered 26 meters of web pay in wealthy gasoline condensate-bearing reservoirs, with the reservoir displaying wonderful petrophysical properties and no noticed water contact,” it added.
“Preliminary laboratory evaluation of two samples indicated a excessive condensate-to-gas ratio (CGR) of >140 bbl/mmscf with liquid density of roughly 40° API gravity. The outcomes are present process additional analysis,” it continued.
BP famous in that launch that the Volans-1X nicely marks the third important hydrocarbon discovery in 2025 for Azule Power companions, following the Capricornus-1X gentle oil discover in Namibia and the Gajajeira-01 gasoline discovery in Angola.
In a press release posted on its web site again in February, BP introduced a “basically reset technique”.
“BP at the moment launched a basically reset technique, with important capital reallocation, and plans to drive improved efficiency, aimed toward rising free money circulate, returns and long-term shareholder worth,” the corporate stated in that assertion, which was revealed on February 26.
This technique will see BP develop its upstream oil and gasoline enterprise, focus its downstream enterprise, and make investments with rising self-discipline into the transition, the corporate famous within the assertion.
Within the assertion, BP highlighted that it was rising funding in oil and gasoline, outlining that it expects to spend round $10 billion every year via 2027. It additionally revealed within the assertion that manufacturing is anticipated to develop to 2.3 – 2.5 million barrels of oil equal per day in 2030 “with capability to extend to 2035” and identified that “10 new main tasks” will begin up by the tip of 2027.
To contact the writer, e-mail andreas.exarheas@rigzone.com
