The Peroba pre-salt exploration well drilled in the production sharing contract of the same name in the Santos basin off Brazil has been deemed a “disappointment”, according to block partner BP.

BP targets fresh pre-salt exploration drive offshore Brazil UK supermajor recently resumed drilling in the South American nation after a 10-year hiatus BP chief executive Murray Auchincloss.

BP announced on Monday that it has discovered oil in an exploration well about 120 miles off the Louisiana coast. The British company has shifted away from its investment in clean energy to focus ...

BP noted in the statement that it drilled the exploration well in Green Canyon Block 584. It highlighted that the well was drilled to a total depth of 23,830 feet.