On 4 May 2020, Petrobras published a teaser to sell its 35% operating working interest in the BCAM-040 contract, Manati production concession in the offshore Camamu-Almada Basin.    The      Manati field is currently producing from six wells and one fixed platform      PMNT-1.  Gas and      condensate are transported through a 126 km, 24-inches pipeline to the      Estacao Geofisico Vandemir Ferreira (EVF).  The sale      includes the platform, export pipeline, EVF and all field facilities.  The      concession expires in November 2029.  Interested      parties, that meet eligibility requirements, should address queries to      J.P. Morgan at GONDWANA_JPM_All@jpmorgan.com up to 22      May 2020.   The BCAM-040 contract, Manati Block (with 75.72 sq km), is operated by Petrobras with 35% working interest, and non-operating partners Enauta, with 45% working interest, Geopark, with 10% working interest, and Brasoil with the remaining 10% working interest.  The Manati gas and condensate field was discovered in October of 2000 with the 1-BAS-128-BAS (1-BRSA-14-BAS) new-field wildcat (NFW) that spudded in August of 2000. The NFW reached a total depth (TD) of 1,828 m and targeted Jurassic sandstones of the Sergi Formation. A total of 11 wells have been drilled, including the discovery well, 1 exploration well, 3 appraisal wells and 6 development wells. The ANP estimates for original gas-in-place (OGIP) are 1,417 Bcf as of 31 December 2019, and operator recoverable 2P reserves estimates are 1,024 Bcf as of 31 December 2013, giving a 72% recovery factor. As of end of 2019, cumulative production in the Manati field was 854.5 Bcfg and 2.3 Mbc.
Brazil, BCAM-040