Petrobras in Sergipe-Alagoas farm-out move

petrobras

Brazilian oil company Petrobras is looking to farm-out parts of its ownership in four blocks in located in the Deepwater Sergipe-Alagoas Basin, across an exploration area of 44,370 square kilometers .

In a teaser shared on Thursday, Petrobras said it was offering the concession BM-Seal-4, in which Petrobras owns 75% stake and is offering 35% share to interested parties. India’s ONGC owns a 25% share in this block.

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