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
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
