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 130

Oil Exploration and Production Sidetracking Upstream 130

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 Around 1 million barrels of oil equivalent per day (mmboe/d) are expected to be delivered from the US onshore and offshore regions by 2030.

Oil 52

Oil Sidetracking Exploration and Production Exploration Well 52

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. BP is also targeting 2.32.5

Oil 52

Oil Upstream Exploration Well Barrel 52