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Petro Rio S.A. HRTPF

"Petro Rio SA is engaged in exploration and production of oil and gas in Brazil and abroad. The Company is currently engaged in the hydrocarbon production in Polvo field."


GREY:HRTPF - Post by User

Bullboard Posts
Post by koolmanon Oct 25, 2011 8:48am
457 Views
Post# 19178356

Question For The Panel

Question For The PanelMy simple understanding of the laws of fluids tells me that Natural Gas can be compressed and fluids cannot (oil) I found it lacking in clarity when our General Manager said they would not pay for the cost of compression stations,which I assume its to compress gas( NOT OIL)therefore is it possible given the very non economic nature of natural gas that he was not excluding crude oil in the line sharing statement??? I am simply finding hthis whole situation a bit strange and still can't rap my head around this detail being overlooked at such a late stage. Also I would agree that shipping natural gas at its present cost to be uneconomic if large scale upgrades need to be added to the cost of shipping but Crude is $100 a barrel???Please feel free to weigh in if your name is not GUSGOLD or MR Happy Pants Hoodwink. K Man
Bullboard Posts