The energy giant said it discovered oil and gas in the deepwater Santos basin offshore Brazil as it seeks to grow global upstream production output.

BP said on Monday it has made its largest oil and gas discovery in 25 years in Brazil's Santos basin, a so-called pre-salt area in deep water offshore which is believed to be a large reservoir of oil and gas.

British oil and gas giant BP on Monday announced that it has made its biggest oil and gas discovery in more than two decades thanks to a drilling operation off the coast of Brazil.