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    Indian OVL's Brazilian project enters development phase

Summary

Gas in deep offshore block BM-SEAL-4 was discovered in 2019.

by: Shardul Sharma

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Indian OVL's Brazilian project enters development phase

ONGC Videsh (OVL), the overseas arm of Indian state-run energy company ONGC, on January 24 said its Brazilian gas project had entered into the development stage with the submission of a declaration of commerciality.

The company had registered a “major” gas discovery in 2019 in the deep offshore block BM-SEAL-4, located in the Sergipe Alagoas basin. Petrobras is the operator of the block with 75% participating interest and OVL holds 25%.

The block development module of Petrobras envisages the installation of a shared FPSO and a gas pipeline, OVL said. The development module is in the contract planning phase and is expected to start production after 2026.