Notice to the Market - QGEP Provides Manati Update

Rio de Janeiro, June 22, 2011 - QGEP Participações S.A. (BMF&Bovespa: QGEP3), Brazil’s largest private sector Exploration and Production (E&P) company based on annualized daily production of barrels of oil equivalent (BOE), today announced that a fourth well in the Manati Field has returned to production, increasing the Company’s production capacity to 5.3 MMm³ per day.

The Company currently expects to return to a full daily production capacity of 7.8 MMm³ by August 2011. A return to full capacity at Manati Field remains dependent on supply logistics for the continuity of services required for maintenance.

“We are pleased that the fourth well is now back producing, ahead of schedule, and the expected timeline still allows the Manati Field to attain full production levels for most of the second half of 2011” said José Augusto Fernandes Filho, QGEP’s Chief Executive Officer.

Click here to access the Notice to the Market.


Updated in  2013-12-11T10:49:57
All the dates of this page are presented in official timezone of Brasilia - Brazil.

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