SAO PAULO: BP Plc says it has made its biggest discovery in 25 years in deep waters off Brazil, a boon for the UK oil major as it seeks to turn around years of underperformance.
BP found an estimated 500-m column of oil and gas at the Bumerangue block in the Santos basin, it said yesterday, giving little other detail. The find adds to other discoveries this year in Trinidad & Tobago, the Gulf of Mexico and Egypt.
