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Evening Standard
Evening Standard
Business
Holly Williams

BP makes its biggest oil and gas discovery in 25 years

British Petroleum Oil Shell Caspian Sea

BP has hailed its biggest oil and gas discovery in over a quarter of a century as the oil giant renews its focus on fossil fuels.

The FTSE 100 group revealed the find after drilling a well off the coast of Brazil, in the Bumerangue oil field, just over 400 kilometres offshore from Rio de Janeiro, spanning more than 300 square kilometres.

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