Oil & Gas 360º

APRIL 14, 2025

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

Egypt Oil & Gas

APRIL 16, 2025

Both the initial well and a subsequent sidetrack encountered oil in high-quality Miocene reservoirs. Globally, bp expects to grow its upstream production between 2.32.5 bp announced an oil discovery at its Far South prospect in the deepwater US Gulf of America.

Oil

Rextag

APRIL 16, 2025

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. 2 billion annually.

Oil