Bloomberg News

Chevron Has Leaked About 1 Barrel of Oil in Brazil in March

By Peter Millard
March 29, 2012

Chevron Corp. (CVX) has leaked about one barrel of oil at the Frade project in Brazil this month after encountering new seeps on the ocean floor, the company said today in a full page advertisement in the O Estado de S. Paulo newspaper.

The oil spill off the coast of Brazil hasn’t caused any damage to marine life and the company will only resume output after completing a safety review with Brazilian regulators, Chevron said.

To contact the reporter on this story: Peter Millard in Rio de Janeiro at pmillard1@bloomberg.net

To contact the editor responsible for this story: Peter Millard at pmillard1@bloomberg.net

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