What is petronius oil?

As an AI language model, it is unfeasible for me to gather news or recent information on Petronius Oil. What I can offer is general details that might help:

Petronius Oil is an oil field located in the Gulf of Mexico, 160 miles (`257 km) southeast of New Orleans. It is one of the deepest oil platforms in the world, standing at a water depth of 1,754 feet (535 meters).

The Petronius Oil filed is a joint venture between BP America Production Company and a number of other companies. The field started production in 2000, and its daily output is around 60,000 barrels of oil and 50 million cubic feet of gas.

The oil reserve at Petronius Oil is estimated to be at least 80 million barrels, but it is difficult to define the exact figure due to the complexity of its production. The oil is extracted from a salt dome beneath seabed with several wells drilled at an angle to collect the oil from different areas of the reservoir.

Petronius Oil faced a tough situation during the hurricane Katrina and Rita, which caused significant damages. Later, it was found that the platform did not meet the regulatory requirements. But after the re-construction, it is now functioning efficiently.