GeoPark announces $27 mn agreement to sell 10% working interest in the Manati gas field in Brazil

GeoPark Limited, a Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Ecuador, Chile, Brazil and Argentina announced an agreement to sell its 10% non-operated working interest in the Manati gas field in Brazil to Gas Bridge S.A. The total consideration of the transaction amounts to ca $27 million. The Manati Gas field has net proven and probable PRMS reserves of approximately 3 million barrels of oil equivalent, based on December 2019 DeGolyer and MacNaughton’s certification.

Source: Oil and Gas