QGEP Participações S.A. (QGEP), has disclosed the production estimate for the Manati Field, located on the coast of Bahia state, Brazil.
According to the press release, the company projects 2015 production for the Manati Field to be approximately 5.5 million m³ per day, being 2.5 million m³ per day net to QGEP, with a possible margin of error of plus or minus 5% from this number.
The estimated production curve for the Manati Field is based on the company’s development and production team’s technical analysis. This analysis, the company said, considers factors including the Field’s reservoir, analog fields, available technologies and the block’s operational schedule, among others, as well as projected demand for natural gas.
QGEP says that the extraction of natural gas may be affected by factors beyond the company’s control. These include unscheduled maintenance, as well as weather conditions, as a lower than normal amount of rain in the area can have a direct impact on demand for natural gas. The production estimate released by the company covers a 12 month period.
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