“BP has made its largest oil and gas discovery in 25 years offshore Brazil…

It said it planned to create a major new output hub at the Bumerangue discovery in Brazil, which a BP spokesperson said was probably the company’s biggest since Shah Deniz in 1999, a gas and condensate field in the Azeri part of the Caspian Sea.

Shah Deniz, with around 1 trillion cubic metres of gas and 2 billion barrels of condensate initially in place, produced 28 billion standard cubic metres of gas last year, according to BP.

It gave no reserve estimate for the Brazilian block.”

From Reuters.