Brazil plans to seek $10.7bn from Chevron, others, over spill

14 December 2011 23:48  [Source: ICIS news]

HOUSTON (ICIS)--A Brazilian federal prosecutor has told reporters he would file a $10.7bn (€8.2bn) lawsuit against Chevron and other companies and would seek to shut down the company’s activities in the country following an oil spill, the US energy producer said on Wednesday.

However, Chevron said it had yet to receive formal notice of the legal action, which stems from a 7 November oil spill in the Atlantic off the coast of Brazil.

According to news media reports, prosecutor Eduardo Santos de Oliveira plans to file suit against Chevron and other companies as a result of a lack of planning and environmental management by the companies.

The spill was estimated at 3,000 bbl.

Chevron said it has “responded responsibly to the incident at its Frade Field [in the Atlantic] and has dealt transparently with all Brazilian authorities”.

Chevron said, “The flow of oil from the source was stopped within four days and the company continues to make significant progress in containing any residual oil.

It added, “Chevron has also continued to address the surface sheen, which is now less than a single barrel. There have been no coastal or wildlife impacts.”

($1 = €0.77)

By: Brian Ford
+1 713 525 2653

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