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BP Seeks Partner for Brazil Oil Discovery

BP will seek a partner for its major Bumerangue oil discovery in Brazil and could close a deal before making a final investment decision on the project, the oil major's country head said on Thursday.

The British company, which currently holds 100% of the block, in August announced that Bumerangue was its largest oil and gas discovery in 25 years.

"The search for a partner will happen over the next one or two years, but it will run in parallel with the evaluation," BP's Brazil chief, Andres Guevara, said during an event in Rio de Janeiro.

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