April 15, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--BP plc (NYSE:BP) (London, England) said Monday it made an oil discovery at the Far South prospect in the Gulf of Mexico (designated as the Gulf of America by the Trump administration), part of a joint venture with Chevron Corporation (NYSE:CVX) (Houston, Texas). BP holds a 57.5% stake in the Far South prospect, with Chevron holding the rest. BP said Monday it made a discovery after drilling 23,830 feet in Green Canyon Block 584, located 120 miles off the coast of Louisiana.
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