Drilling Suspensions Could Limit Brazil’s Oil Output Growth ...Middle East

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Drilling Suspensions Could Limit Brazil’s Oil Output Growth
Brazil’s oil regulators have temporarily ordered halts to several drillship operations due to what could be minor issues that do not usually disrupt drilling, Bloomberg reported on Tuesday, citing unnamed industry executives. Disruption to the drilling of additional wells to known discoveries and exploration of new offshore resources could slow the expected growth in Brazil’s crude oil production. Last year, unplanned stoppages led to a 1.3% decline in Brazilian crude oil production, which fell to 3.358 million barrels per day (bpd),…

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