Exploration

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 Australia.

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 the area.

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.

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.

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.

With a large unconventional onshore portfolio in North America, BP is involved in developing as well as exploring for new fields and resources.