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The Street
  • 7 weeks ago
The new resources were found in Brazil.
Transcript
00:00BP made its largest oil and natural gas discovery in the last 25 years.
00:04The British company says the newly found resources were discovered in the Santos Basin in Brazil.
00:09BP now plans to create a new output hub at the discovery site.
00:13This marks BP's 10th new discovery in 2025.
00:16Of the findings, a BP exec said this is another success in what has been an exceptional year
00:20so far for our exploration team, underscoring our commitment to growing our upstream.
00:25Brazil is an important country for BP, and our ambition is to explore the potential of
00:29establishing a material and advantage production hub in the country.
00:33BP has shifted away from renewable energy to refocus its efforts on fossil fuels.
00:37The company says its oil and gas production will sit between 2.3 million to 2.5 million
00:42barrels per day by 2030.
00:44From New York City, I'm Kelsey Barbario with The Street.
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