BP Says Reservoir Discovered Off Coast of Brazil Is Largest in 25 Years
1. BP announces its largest oil discovery in 25 years off Brazil's coast. 2. The new reservoir could mix gas, condensate, and oil, details pending. 3. Increased fossil fuel spending follows pressure from activist investors. 4. BP aims for 2.3-2.5 million barrels per day production by 2030. 5. Shares rose 1.5% in premarket trading, reflecting positive market sentiment.