The Manati gasfield is located offshore Brazil

Large gas reserves at Manati field

BRASíLIA, August 13, 2015 – Brazilian company Queiroz Galvão Exploração e Produção announced on Wednesday that the proven and probably natural gas reserves at the offshore Manati gasfield in Brazil are pegged at 13.5 bcm (477 bcf).

A December 2014 certification of the field’s reserves by US consulting company Gaffney, Cline & Associates put potential field production at 6 mcm (212 mcf) in 2015, though Queiroz Galvão Exploração e Produção stated that production would likely be closer to 5.5 mcm (194 mcf) due to factors including maintenance work. Production is expected to gradually drop off to 3 mcm (106 mcf) by 2020, and 900,000 cubic metres (31.8 mcf) by 2026.

Queiroz Galvão Exploração e Produção holds a 45-percent stake in the Manati gasfield. Other shareholders include Brazil’s national oil company Petrobras with 35 percent, and Brazilian-Canadian company Brasoil and Chilean exploration and production firm Geopark, each with 10 percent.

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