The Peroba pre-salt exploration well drilled in the production sharing contract of the same name in the Santos basin off Brazil has been deemed a “disappointment”, according to block partner BP.

In a conference call with analysts earlier this week, Bob Dudley, now the former chief executive of the UK supermajor, said: “On the exploration side in Brazil, we have got some good acreage yet to be drilled. We had a well back in the first quarter of 2019 that was a disappointment.