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
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
28 April 2026
Restoring supply from Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Iraq involves complexities far beyond simply adjusting operational controls
28 April 2026
Datacentres will guzzle power at a ferocious rate, but the impact on wider energy markets will be far more complex than previously thought
28 April 2026
The key energy player faces balancing regional routes, political complexities, and creating a clear strategic vision for energy security
