The Permian bottlenecks. Yes, still a problem. But at least one Permian operator told us in an interview in Midland, Texas, things might not be as bad as they seem. Fortuna Resources CEO Aaron Davis said his company is getting oil out of the Permian just fine and that the bottleneck issue will most likely be resolved quicker than predictions say.
All 21 old rigs that will be decommissioned are operated by state-controlled oil company Petrobras, development secretary Lucas Tristão told Reuters.
Petrobras will sell 100% of 27 E&P concessions in the so-called Polo Cricare area in Espirito Santo, the company said.
The wireline logging well has successfully confirmed a hydrocarbon-bearing reservoir within the Caley, Baxter and Crespin intervals, the company said in a statement.