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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. Preliminary data supports a potentially commercial volume of hydrocarbons. bp expects to grow its global upstream production to 2.3 million barrels of oil equivalent in 2030, with the capacity to increase production out to 2035.

Oil 130
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Production Resumes at Keddington Oilfield

Rigzone

Planning approval for additional drilling is already secured, offering an opportunity to boost production through a development sidetrack from an existing well, the company said. In June 2025, Keddington produced a total of 992 barrels of oil over 23 days, with an average of 10.4 Union Jack holds a 55 percent interest in Keddington.

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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. bp announced an oil discovery at its Far South prospect in the deepwater US Gulf of America. Globally, bp expects to grow its upstream production between 2.32.5

Oil 52
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Permian Basin Top Rigs by Wells Drilled Since 2024

Oil Gas Leads

Ensign T138 The Ensign T138 drilling rig is part of Ensign Energy Services’ fleet, a company renowned for its advanced drilling technologies and global operations. Ensign T138: Operational Highlights Drilling Activity : In 2024, Ensign T138 drilled 25 wells for Diamondback Energy, primarily in Martin County, Texas.

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

Rextag

The initial well and a sidetrack successfully encountered oil in high-quality Miocene-age reservoirs. BP Targets 400,000 boe/d in Gulf with New Discovery BP has made a new oil discovery in the deepwater Gulf of America, signaling a renewed commitment to traditional energy resources as the company continues a high-profile strategic reset.

Oil 52