The largest project in 25 years! BP PLC-Spons accelerates the development of offshore oil and gas fields in Brazil
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BP PLC-Spons announced that it will accelerate the development of oil and gas fields in the Bumerangue block of the Santos Basin offshore Brazil, calling it the largest project in 25 years. Preliminary analysis shows that the block contains a large amount of liquid oil resources, and the carbon dioxide content can be effectively managed. The company is seeking partners and currently holds 100% ownership. The economic feasibility of the project will depend on the specific carbon dioxide content
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