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The Guardian - UK
The Guardian - UK
Business
Jillian Ambrose

BP makes its biggest oil and gas discovery in 25 years off coast of Brazil

British Petroleum Oil Brazil OPEC
An oil tanker at a Petrobras distribution terminal in São Sebastião, near the Santos basin off São Paulo, Brazil.
An oil tanker at a Petrobras distribution terminal in São Sebastião, near the Santos basin off São Paulo, Brazil. Photograph: Jorge Silva/Reuters

BP has made its largest oil and gas discovery of the past 25 years off the coast of Brazil as it continues to shift its focus away from renewables and back to fossil fuels.

The Santos basin oil and gas discovery, which is located in deep waters, is the company’s 10th oil discovery of the year and could be its largest since its discovery at the Shah Deniz gasfield in Azerbaijan in 1999.

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