UK supermajor BP has started drilling a new exploration well in the deepwater section of the Brazilian pre-salt polygon that ...

UK supermajor BP has resumed exploration activities offshore Brazil with the drilling of the first wildcat in the prolific pre-salt province in more than 10 years. According to data from Brazilian ...

BP today announced a transaction that will deliver a material exploration position in the deepwater offshore Brazil and significantly enhance its position in core strategic areas. In a broad ...

LONDON (Reuters) - Nothing escapes the winds of change now sweeping through BP, not even the exploration team that for more than a century powered its profits by discovering billions of barrels of ...

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BP Plc is preparing a deepwater well in Brazil in the latest attempt to break a streak of bad luck by oil majors who have paid billions for exploration rights and have little to show for it.

The deal includes 10 exploration "blocks" in Brazil, which has some of the world's largest deepwater oil fields. BP is also selling Devon half its stake in some Canadian oil fields for $500m. "Through ...

The deal includes 10 exploration "blocks" in Brazil, which has some of the world's largest deepwater oil fields. BP is also selling Devon half its stake in some Canadian oil fields for $500m.

The deal gives BP seven exploration blocks in Brazil's Campos basin, which is a very promising oil basin in its own right, home to a number of significant producing oil fields.

Andy Inglis, the head of its upstream Exploration and Production ... its U.S. growth hopes. "BP is in image rebuilding mode," Solovyov said. Concerns about Brazil's fiscal health and high interest ...

In Brazil, BP now has access to deepwater exploration in eight blocks in the Campos and Camumu-Almada basins, as well as two onshore licenses in the Parnaiba basin. The deal with Devon gave BP ...