PetroRio Is Eyeing Petrobras’ Stake for Sale in Manati Field
According to Roberto Monteiro, CEO of PetroRio, during a webinar held the day before yesterday (11) by Fundação Getúlio Vargas (FGV), PetroRio is eyeing the Petrobras stake for sale in the Manati field, a shallow water concession in the Camamu Basin whose teaser was published by Petrobras last week.
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PetroRio holds a 10% stake in the asset, which it knows well. According to Monteiro, “We know the field well, which is why we are looking at the asset. There is the possibility of different projects in the field, more than just gas production. I think this process will move forward, as it is more of a midstream issue than the actual sale of gas.”
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Also present at the webinar was Enauta’s president, Lincoln Guardado. The company is also part of the consortium, with a 45% stake in the field. However, according to Lincoln, the company is not interested in the 35% being offered for sale by Petrobras.
“We are looking to diversify our projects and not invest in short-term assets, so that we have a good cash flow. Manati should have about five more years of operation. However, we are attentive to new divestment announcements from Petrobras,” he commented.
The Manati field also includes Geopark, which holds the remaining 10%. Located 10 km off the coast of Cairú, Bahia, Manati has a water depth between 35m and 50m.

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