ONGC Videsh Enters the Development Stage in Brazil Offshore Project BM-SEAL-4

Source: www.gulfoilandgas.com 1/24/2022, Location: South America

ONGC Videsh Limited (OVL) had registered a major gas discovery in 2019 in its deep offshore block BM-SEAL-4, Brazil, located in the Sergipe Alagoas Basin. Petrobras is the Operator of the block with 75% Participating Interest (PI) and in which partner ONGC Videsh holds 25% PI.

ONGC Videsh Limited, after detailed evaluation, now enters into the development stage with the submission of Declaration of Commerciality (DoC) for the block BM-SEAL-4.

The block development module of Petrobras envisages the installation of a shared FPSO and a gas pipeline. The name suggested to the Brazilian regulator for the field is Budiao. The development module is presently in the contract planning phase and is expected to start production after 2026. The Consortium plans to continue all operational activities for submission of the Development Plan to the Regulator and meeting the target for the first oil.

ONGC Videsh Limited (OVL) is the wholly owned subsidiary and overseas arm of Oil and Natural Gas Corporation Ltd (ONGC), the National Oil Company of India.


United States >>  5/17/2022 - TotalEnergies, through its affiliate TotalEnergies E&P USA, Inc., announces the sanction of the Ballymore development, located 120 kilometers off the ...
Nigeria >>  5/10/2022 - San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, notes the announcement made yesterday by Dec...

Norway >>  5/9/2022 - ConocoPhillips Skandinavia AS, operator of the Greater Ekofisk Area together with our license partners, submitted a plan for development and operation...
United States >>  5/4/2022 - Williams has secured another tieback to Discovery’s Keathley Canyon Connector (KCC) pipeline, providing deepwater natural gas infrastructure services ...

Norway >>  5/3/2022 - The Petroleum Safety Authority Norway (PSA) has carried out an audit of Equinor’s management and execution of manned underwater operations for the Joh...
China >>  4/11/2022 - Horizon is pleased to advise that, following the successful installation, hook-up and commissioning of facilities for the WZ12-8 East Project, first p...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.