SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
for the
period ended 04 August, 2025
BP p.l.c.
(Translation
of registrant's name into English)
1 ST JAMES'S SQUARE, LONDON, SW1Y 4PD, ENGLAND
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file
annual
reports
under cover Form 20-F or Form 40-F.
Form
20-F |X| Form 40-F
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Indicate
by check mark whether the registrant by furnishing the
information
contained
in this Form is also thereby furnishing the information to
the
Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of
1934.
Yes No
|X|
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Exhibit
1.1
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bp
announces Bumerangue discovery, off Brazili dated 04 August
2025
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Exhibit 1.1
press release
4 August 2025
bp announces hydrocarbon discovery at
Bumerangue exploration well, offshore Brazil
bp today announced an oil
and gas discovery at the Bumerangue
prospect in the deepwater offshore
Brazil.
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.
The well intersected the reservoir about 500 metres below the crest
of the structure and penetrated an estimated 500
metre gross
hydrocarbon column in high-quality pre-salt carbonate reservoir
with an areal extent of greater than 300 square
kilometres.
Results from the rig-site analysis indicate elevated levels of
carbon dioxide. bp will now begin laboratory analysis to further
characterize the reservoir and fluids discovered, which will
provide additional insight into the potential of the 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. bp secured the block in December 2022
during the 1st Cycle of the Open Acreage of Production Sharing of
ANP, on very good commercial terms.
Gordon Birrell, bp's executive vice president for Production &
Operations said: "We are excited to announce this significant
discovery at Bumerangue, bp's largest in 25 years. This is another
success in what has been an exceptional year so far for our
exploration team, underscoring our commitment to growing our
upstream. Brazil is an important country for bp, and our ambition
is to explore the potential of establishing a material and
advantaged production hub in the country."
Bumerangue is bp's tenth discovery in 2025 to date. bp has already
announced oil
and gas exploration discoveries at: Beryl and Frangipani in
Trinidad, Fayoum 5 and El King in Egypt, Far South in the Gulf of
America, Hasheem
in Libya and Alto de Cabo Frio Central in
Brazil, plus
discoveries in Namibia and Angola through Azule Energy, its 50-50
joint venture with Eni.
bp plans to grow its global upstream production to 2.3-2.5 million
barrels of oil equivalent a day in 2030, with the capacity to
increase production out to 2035.
This announcement contains inside information. The person
responsible for arranging the release of this announcement on
behalf of BP p.l.c., is Ben Mathews, Company
Secretary.
Notes to editors:
●
bp has been in Brazil
for more than 50 years, with a diverse
portfolio.
●
The Bumerangue block
was awarded to bp in December 2022, with terms including 80% cost
oil and 5.9% profit oil.
●
bp holds
an interest in eight offshore blocks across three basins in Brazil,
with four as the operator. The appraisal well for
the Alto
de Cabo Frio Central discovery
(bp 50%, Petrobras 50% interest and operator) has recently
spud.
●
In addition to the Bumerangue
prospect drilling campaign this year, an exploration well is
planned for the Tupinambá block in
2026.
Further information:
bp press office: bppress@bp.com,
+44 (0)7831 095541.
Cautionary statement:
In order to utilize the 'safe harbor' provisions of the United
States Private Securities Litigation Reform Act of 1995 (the
'PSLRA') and the general doctrine of cautionary statements, bp is
providing the following cautionary statement.
This announcement contains certain forecasts, projections and
forward-looking statements - that is, statements related to future,
not past events and circumstances - with respect to the financial
condition, results of operations and businesses of bp and certain
of the plans and objectives of bp with respect to these items.
These statements are generally, but not always, identified by the
use of words such as 'will', 'expects', 'is expected to',
'targets', 'aims', 'should', 'may', 'objective', 'is likely to',
'intends', 'believes', 'anticipates', 'plans', 'we see' or similar
expressions. In particular, the following, among other statements
are all forward-looking in nature: expectations in relation to the
outcome of laboratory testing and analysis of hydrocarbon samples
recovered from the Bumerangue block including in respect of the
characteristics of the reservoir and fluids discovered and the
insight that analysis may provide into the potential of the
Bumerangue block; bp's plans and expectations in relation to any
further appraisal activities; and bp's plans for its upstream
production levels in 2030 and 2035. By their nature,
forward-looking statements involve risk and uncertainty because
they relate to events and depend on circumstances that will or may
occur in the future and are outside the control of bp. Actual
results or outcomes, may differ materially from those expressed in
such statements, depending on a variety of factors, including the
risk factors discussed under "Risk factors" in bp's most recent
Annual Report and Form 20-F as filed with the US Securities and
Exchange Commission and in any of our more recent public
reports.
Our most recent Annual Report and Form 20-F and other period
filings are available on our website at
www.bp.com, or
can be obtained from the SEC by calling 1-800-SEC-0330 or on its
website at www.sec.gov.
This announcement contains references to non-proved resources that
the SEC's rules prohibit us from including in our filings with the
SEC. U.S. investors are urged to consider closely the disclosures
in our Form 20-F, SEC File No. 1-0626
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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BP
p.l.c.
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(Registrant)
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Dated: 04 August 2025
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/s/ Ben
J. S. Mathews
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Ben J.
S. Mathews
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Company
Secretary
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