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Chevron may soon resume production in Brazil

By R&D Editors | July 17, 2012

Brazil’s oil regulator says U.S. company Chevron will soon be allowed to resume production at its well off the coast of Rio de Janeiro that was shut down in March due to an oil spill.

National Petroleum Agency director-general Magda Chambriard tells the daily financial newspaper Valor Economico that Chevron Corp. has asked to resume production and “in principle we have no objection.” She gave no indication when production would resume.

The agency’s press office Tuesday confirmed Chambriard’s remarks, but provided no further details.

About 110,000 gallons (416,300 liters) of crude seeped into the ocean near the Chevron well late last year. In March, the company suspended production after oil started leaking again from cracks on the ocean floor near the well.

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