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BP makes oil discovery off Gulf of Mexico coast

LNG 2023 energy trade show in Vancouver
CHRIS HELGREN/reuters

BP has made an oil discovery at the Far South field in the Gulf of Mexico, it said on Monday, as the energy major seeks to grow production under a strategy reset announced earlier this year.

The exploration well was drilled in Green Canyon Block 584 about 120 miles off the coast of Louisiana. Both the initial well and a sidetrack encountered oil. Preliminary data indicates a potentially commercial volume of oil and gas, the company said in a statement.



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