BP announced on Thursday, 2025‑10‑02, that it will seek a partner to evaluate its discovery at Brazil’s Bumerangue block, according to BP’s Brazil chief Andres Guevara de la Vega.
The Bumerangue block is a major hydrocarbon discovery in Brazil, and BP intends to assess a partnership before deciding on investment, indicating a strategic approach to maximize value from the asset.
This move aligns with BP’s broader strategy to focus on high‑quality upstream assets and pursue disciplined growth, allowing the company to share risk and capital requirements while positioning the block for future development.
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