BP p.l.c. and Petrobras may collaborate on developing BP’s Bumerangue block in Brazil depending on CO₂ levels. Concerns about economic viability arose due to “elevated” CO₂ discovered during a study. Petrobras is developing technology to manage high-CO₂ deposits. The Jupiter field remains undeveloped due to high CO₂ levels. BP fully purchased Bumerangue in 2022, with potential data exchange in the future. BP and Petrobras already collaborate on other pre-salt blocks. BP is among the 11 Best Hydrogen Stocks to Invest in Now. No promotional content included in the news article.

Read more at Yahoo Finance: BP-Petrobras Collaboration On Bumerangue Block Depends On CO2 levels, Insiders Say