Reuters —

BP has made its largest oil and natural gas discovery in 25 years off the coast of Brazil, it said Monday, in a potential big boost for the British company following its strategic shift away from renewable energy to refocus on fossil fuels.

BP ( BP ) is seeking to bolster oil and gas in its portfolio to regain investor confidence and revive underperforming shares.

It said it planned to create a major new output hub at the Bumerangue discovery in Brazil, which a BP spokesperson said was probably the company’s biggest since Shah Deniz in 1999, a gas and condensate field in the Azeri part of the Caspian Sea.

Shah Deniz, with around 1 trillion cubic meters of gas and 2 billion barrels of condensate initially in place, produced 28 billion standard cubic meters of gas last year

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