BP and Chevron Hit Oil in Deepwater Gulf of America
Rextag
APRIL 16, 2025
The Discovery: Far South Prospect BP, as operator (57.5%) alongside co-owner Chevron U.S.A. The initial well and a sidetrack successfully encountered oil in high-quality Miocene-age reservoirs. Gulf Remains Core to BP's Growth The Gulf of America remains a critical area for BPs upstream operations. BP is also targeting 2.32.5
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