bp discovers oil at Far South prospect, deepwater U.S. Gulf
Oil & Gas 360º
APRIL 14, 2025
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.
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