Petrobras Advances Sale Process of Oil Fields in the Camamu Basin, Bahia

Written by Flavia Marinho

Published on 01/06/2020 at 12:04

Petrobras põe à venda o campo de Manati, na Bacia de Camam, Bahia

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Petrobras Is the Operator of the Oil Field, With 35%, in Partnership With Enauta (45%), E&P de Petróleo e Gás Ltda. (10%) and Brasoil Manati. (10%).

Petrobras announced today (01) that it has begun a new phase of a process regarding the sale of its remaining 35 percent stake in the Manati oil field, in Bahia. Petrobras Attracts High Demand and Raises US$ 3.5 Billion With Global Bonds

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“Petrobras, continuing the announcement made on 04/05/20, informs the start of the non-binding phase regarding the sale of its stake (35%) in the Manati Field, a maritime production concession in shallow waters located in the Camamu Basin, in the State of Bahia”, said the state-owned company.

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According to Petrobras, in this phase potential buyers qualified for this phase receive a descriptive memorandum containing more detailed information about the asset in question, as well as instructions regarding the divestment process, including guidelines for the preparation and submission of non-binding proposals.

Petrobras also states that the operation is aligned with the company’s portfolio optimization strategy and improved capital allocation, increasingly focusing its resources on deep and ultra-deep waters.

Petrobras – About the Manati Field, Bahia

The Manati Field is located 10 km off the coast of Cairú/BA, in water depths between 35 and 50 meters.

The field began operations in 2007, and its average production in 2019 was 105 bpd of condensate and 1,269 thousand m3/day of gas, through the fixed platform PMNT-1, which involves a subsea structure composed of 6 gas-producing wells.

Petrobras is the operator of the field, 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%).

Petrobras Advances Sale Process of Oil Fields in the Camamu Basin, Bahia

Petrobras Is the Operator of the Oil Field, With 35%, in Partnership With Enauta (45%), E&P de Petróleo e Gás Ltda. (10%) and Brasoil Manati. (10%).

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Petrobras Advances Sale Process of Oil Fields in the Camamu Basin, Bahia

Petrobras Is the Operator of the Oil Field, With 35%, in Partnership With Enauta (45%), E&P de Petróleo e Gás Ltda. (10%) and Brasoil Manati. (10%).

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