bp: 2025 Brazilian presalt discovery could hold 8 billion bbl OOIP
bp plc estimates its 2025 Bumerangue block discovery offshore Brazil could contain 8 billion bbl of liquids in place in a 50-50 split of oil and condensate.
bp, in its fourth-quarter 2025 report, acknowledged the estimate contains a "wide range of uncertainty," but said it is advancing plans for an appraisal program that could begin by yearend.
bp said the program "will provide data from locations across the reservoir" to enable the operator to "describe the fluid characteristics and resource potential."
Following the announcement of the discovery in August, initial laboratory and pressure gradient analysis confirmed the presence of a 1,000 m gross hydrocarbon column including a 100 m gross oil column and a 900 m gross liquids rich gas-condensate column.
At that time, bp said that given the presence of liquids across the entire hydrocarbon column, the high-quality rock properties observed, and its technology and deepwater developments experience, that it believes the CO2 in the reservoir can be managed.
At the time, bp said the find could be the operator’s largest since discovering Shah Deniz gas field in the Caspian Sea in 1999.