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
19 March 2026
The regional crisis highlights the undervalued role of fixed pipelines in the age of tanker flexibility
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny
