Brazil’s presalt hydrocarbon riches have attracted some of the world’s biggest oil and gas players, but there are other areas offshore the country with potential.

The Sergipe Basin area is among these, according to Justin Smith, senior rigs market analyst for IHS Markit.

“Outside of the presalt, the Sergipe will probably be the most investment-heavy area in Brazil,” Smith said on a recent webinar. “How much exactly relative to the rest? It’s hard to say, but it’s a clear priority for both Petrobras and Exxon.”

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