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bp discovers oil at Far South prospect, deepwater U.S. Gulf

Oil & Gas 360º

Both the initial well and a subsequent sidetrack encountered oil in high-quality Miocene reservoirs. This discovery in the deepwater Gulf of America/Gulf of Mexico underscores how bp is in action to step up investment in exploration and strengthen its upstream portfolio under the strategy reset announced in February 2025.

Oil 130
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bp Unveils New Oil Discovery at Gulf of America.

Egypt Oil & Gas

Both the initial well and a subsequent sidetrack encountered oil in high-quality Miocene reservoirs. We are focused on delivering more affordable and reliable energy from this region, building our capacity to over 400,000 barrels of oil equivalent per day (bbl/d) by the end of the decade, he added.

Oil 52
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BP and Chevron Hit Oil in Deepwater Gulf of America

Rextag

The discovery comes amid BP's broader pivot away from rapid renewables expansion toward reinforcing its upstream oil and gas portfolio to meet investor expectations and improve financial performance. The initial well and a sidetrack successfully encountered oil in high-quality Miocene-age reservoirs. per barrel in Q1 2025 versus $13.1

Oil 52