Aug. 5 (UPI) -- British energy giant BP announced Tuesday its biggest oil and gas find in decades in the South Atlantic, amid a pivot back to its fossil fuel roots and away from renewable energy.
Gordon Birrell, BP's executive vice president for production and operations, said the discovery of the deposits, at the Bumerangue block in the Santos Basin, 250 miles off the east coast of Brazil, was "BP's largest in 25 years" and that the company was looking at constructing a hub to extract the oil and gas.
BP said it had not found a field of a similar magnitude since the Shah Deniz gas field in the Caspian Sea in Central Asia in 1999 and comes as the company has made a series of other finds, including in Namibia, Egypt, the Gulf of Mexico and the Caribbean.
"This is another success in what has been an exceptional year so far for our exploration team," said Birrell.
Related
