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Petrobras opens bidding for Manati field stake

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Oilfield Technology,

Petrobras, following up on an announcement in early May, has started the sale of its stake (35%) in the Manati field, a shallow water maritime production concession located in the Camamu Basin, in the state of Bahia.

The sale is in line with the company's decision to focus its resources increasingly on deep and ultra-deep waters.

The Manati field is located at a distance of 10 km from the coast of the city of Cairú/BA, in water depths between 35 and 50 m. The field started operating in 2007 and its average production in 2019 was 105 bpd of condensate and 1 269 000 m3/d of gas, through the PMNT-1 fixed platform, which involves a subsea structure composed of six gas producing wells.

Petrobras is the field operator, with a 35% stake, in partnership with Enauta Participações (45%), Geopark Brasil E&P de Petróleo e Gás Ltda. (10%) and Brasoil Manati Exploração Petrolífera Ltda. (10%).

As reported by Reuters, Petrobras has also said that its oil stocks are very low. The announcement was made by the company's Chief Executive, Roberto Castello Branco, during an online event on Monday, who said the company has strong demand for its products overseas.

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