New ventures, challenging frontiers
As one of the largest oil producers in the world, BP is always looking for new opportunities
- whether they’re found close to existing acreage and operations or in unexplored
basins in remote parts of the world. Our heritage in exploration is shaping our
plans for the future. From Angola to Australia, Brazil to Indonesia, we’re
investing widely in new ventures. We’re also developing and applying industry
leading seismic imaging technology. Our world-class teams and resources give people
the opportunity to explore the frontiers of geography, technology and possibility.
Learn more about where we’re exploring.
Working in cooperation with our partners and co-venturers, BP has become a major
producer in the deepwater basin off the coast of Angola, and sees great potential
in new acreage on offer.
As perhaps the planet’s largest unexplored province for hydrocarbon fields,
the Arctic presents significant environmental and technical challenges. It might
be the final frontier for explorers and BP will be there for the long term. We have
the knowledge and expertise to achieve our goals.
BP produces large volumes of gas from a highly successful business on the northwest
shelf of Australia. Earlier this year, BP was awarded its first operated exploration
acreage, in the Ceduna basin, an unexplored deepwater basin located offshore southern
BP is now the largest producer of hydrocarbons in the South Caspian, with oil from
the giant Azeri-Chirag-Ganeshli complex and gas from Shah Deniz. Azerbaijan recently
ratified the new production sharing agreement between BP and SOCAR for the exploration
and development of the highly prospective Shafag-Asiman structure in the South Caspian.
Following the acquisition of Devon Energy’s acreage in Brazil, BP now has
a large investment in what is turning out to be one of the most exciting and prolific
hydrocarbon fields discovered in recent years, the Brazil sub-salt.
BP is China’s largest foreign investor. We’ve recently acquired an interest
in acreage in the South China Sea and we’re increasing our exploration in
Active in Egypt for 50 years, BP is the most successful exploration company in the
country. Production continues from the Gulf of Suez, and our exploration focus is
now firmly in the deepwater gas province of the Nile Delta. From seismic imaging
to drilling technology and beyond, the area presents diverse challenges.
BP is now acquiring seismic data over acreage in North East Jordan and we have plans
to begin exploration and appraisal drilling.
North Sea more
A successful explorer in the North Sea since the 1960s, BP continues to explore,
build on our deep knowledge of the basin and optimise our extensive infrastructure.
Plenty of potential remains and we’re committed to the long-term success of
the region in both the UK and Norway.
US - Gulf of Mexico more
BP has the largest acreage position in the deepwater Gulf of Mexico, and is one
of the industry's most successful explorers in the basin. We set the standard for
developing leading-edge seismic technology, such as WATS to image the highly prospective
subsalt intervals. Despite the 2010 macondo accident, BP is extremely active in
the Gulf where significant resources remain.
US - Onshore more
With a large unconventional onshore portfolio in North America, BP is involved in
developing as well as exploring for new fields and resources.
Find out more about our
collaborative culture and the
people we’re looking for.