Groundbreaking Oil Find: Fossil Starch Unearthed Over Green Alternatives
In a significant development for the global energy sector, British Petroleum (BP) has announced its largest oil and gas discovery in a quarter of a century. Named the Bumerangue prospect, this find is situated off the coast of Brazil in the Santos Basin and is estimated to hold around 2.5 billion barrels of oil in place, with geological upside that could reach approximately 4.4 billion barrels.
The Bumerangue well was drilled approximately 404 kilometers offshore in deepwater, reaching a total depth of 5,855 meters. The prospect spans more than 300 square kilometers and features a hydrocarbon column approximately 500 meters thick within a high-quality pre-salt carbonate reservoir.
BP holds 100% ownership of the exploration block, secured in late 2022 under Brazil’s production sharing contract system. This system provides attractive fiscal terms and a profit share to the Brazilian government. The discovery is part of BP’s broader strategy to grow its upstream portfolio, focusing on large, high-margin deepwater reserves, reflecting a pivot towards increasing fossil fuel production after several years of emphasis on renewables.
This find is expected to reshape Brazil's 2025 oil licensing round and signals South America's continuing importance in global energy strategy. BP is intensifying its upstream oil and gas activities with multiple discoveries across the Atlantic Basin in 2025, aiming for assets with rapid development potential and solid returns.
Despite setbacks faced by many competitors in renewable energy, BP is focusing on fossil fuels, and this discovery could potentially add significant value to the company's operational strength. The stock of the company has already shown significant gains due to the oil discovery, and a new opportunity is available in the current issue of HEBELTRADER, offering a call option on the energy giant, with a potential of up to 1,082 percent over a 7-month period.
Readers of issue 105/25 from 01.07.2025 can enjoy a gain of 159 percent. The cost of the current issue of HEBELTRADER is 9.90 euros, and there is no subscription commitment required for purchasing it. The stock is on the verge of forming a "Golden Cross," a strong technical buy signal. Analysts predict up to 35 percent upside potential for the company's dividends and share buybacks.
The new oil discoveries could potentially reshape global markets by increasing supply from a prolific deepwater region in South America. Further appraisal and development activities will be subject to regulatory approval, and BP has begun laboratory analysis to better characterize the reservoir. This discovery highlights a significant renewed emphasis on fossil fuel production by a major global energy company.
- BP's announcement of their largest oil and gas discovery in a quarter of a century, named the Bumerangue prospect, is situated in the Santos Basin off the coast of Brazil and is expected to add significant value to the company's operational strength.
- As part of BP's broader strategy to grow its upstream portfolio, focusing on large, high-margin deepwater reserves, this discovery in the oil-and-gas industry could potentially reshape global markets by increasing supply from a prolific deepwater region in South America.
- The stock of the company, British Petroleum (BP), has already shown significant gains due to the oil discovery, and a new opportunity is available in the current issue of HEBELTRADER, offering a call option on the energy giant, with a potential of up to 1,082 percent over a 7-month period.
