Sergipe’s state capital, Aracaju
Sergipe-Alagoas basin gains momentum
The northeastern Brazilian offshore province is poised to make progress this year
Development is beginning to take off in northeastern Brazil’s Sergipe-Alagoas basin. NOC Petrobras and its partner, Indian state-owned ONGC Videsh, have submitted a ‘declaration of commerciality’—effectively announcing their decision to proceed with the project—for their BM-SEAL-4 block. Production is expected to start in 2026, ONGC says, and the partners have proposed naming the field Budiao. Petrobras will operate the asset with a 75pc stake, with ONGC holding the remaining 25pc. The development will involve floating production, storage and offloading (FPSO) vessels and gas pipelines shared with other potential Petrobras-operated fields. The first FPSO, Sergipe Aguas Profundas (SEAP) I, wi
Also in this section
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
21 January 2025
The new president must put his cards on the table and tell the American people, and the world, if the US is formally abandoning the energy transition
