Company renews focus on fossil fuels and believes Santos basin could be its largest find since 1999
BP has made its largest oil and gas discovery of the past 25 years off the coast of Brazil as it continues to shift its focus back to fossil fuels.
The Santos basin oil and gas discovery, which is located in deep waters about 250 miles (400km) off the Brazilian coast, is the company’s 10th oil discovery of the year – but could be its largest since its discovery at the Shah Deniz gasfield in Azerbaijan in 1999.
