Petrobras Eyes Manati Startup in mid-November


Brazil's federal energy company Petrobras (NYSE: PBR) and its partners plan to start producing natural gas from the Manati offshore field in Bahia state by mid-November, Petrobras said in a statement.

The partners are building the PMNT-1 fixed platform and the onshore gas treatment plant, the statement said. Petrobras had scheduled to start output in September.

Initial production is expected to reach 3Mm3/d, but could rapidly rise to 6Mm3/d compared to current state production of 5Mm3/d, BNamericas previously reported.

Infrastructure is in place to transport the gas to consumption centers. Bahia state-controlled gas distribution company Bahiagas has invested 35mn reais to build infrastructure to transport the gas to clients.

Petrobras partners are Brazilian engineering company Queiroz Galvao, which operates the block with a 55% stake, and Norway's Norse Energy with 10%. Petrobras holds 35%.

Manati was discovered in 2000 in shallow waters of 35-50m some 10km from the coast. Reserves are estimated at some 24Bm3.

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