bp drilled exploration well 1-BP-13-SPS at the Bumerangue block, located in the Santos Basin, 404 kilometres (218 nautical miles) from Rio de Janeiro, in a water depth of 2,372 metres. The well was drilled to a total depth of 5,855 metres.

BP has announced a major oil and gas discovery at the Bumerangue prospect in Brazil’s deepwater Santos Basin, marking its largest find in over two decades and a pivotal moment in the company’s upstream strategy.

BP has made its largest oil and natural gas discovery in 25 years off the coast of Brazil, it said Monday, in a potential big boost for the British company following its strategic shift away from renewable energy to refocus on fossil fuels.

BP ( NYSE: BP) on Monday announced its biggest oil and gas discovery in 25 years at the Bumerangue prospect, located in deepwater offshore Brazil.

BP reported its most important oil and gas discovery in more than 20 years, an offshore find in Brazil that could change the course of the company’s strategy. The Santos Basin Bumerangue is the biggest strike the company has made since Shah Deniz in 1999 landmark that could rekindle investor confidence as BP steps away from recent hegemonic green

Bumerangue block. Further appraisal activities are planned to be undertaken, subject to regulatory approval. bp holds 100% participation in the block with Pré-Sal Petróleo S.A. as the Production Sharing Contract manager.