Bloomberg News

Rio Prosecutor to Review Oil Companies’ Crisis Plans, Folha Says

March 31, 2012

A federal prosecutor in Rio de Janeiro wants oil companies operating in Brazil’s Campos Basin, including Petroleo Brasileiro SA (PETR4), to present their emergency plans for review, Folha de S. Paulo reported.

Prosecutor Eduardo Santos said the companies should prove that they are able to respond in the event of a crisis, the Sao Paulo-based newspaper said, citing an interview. Brazil’s oil regulator, known as ANP, isn’t able to supervise operations at Campos after a recent leak by Chevron Corp. (CVX:US), Folha reported, citing Santos.

Calls to the federal prosecutor’s office today by Bloomberg News went unanswered.

To contact the reporter on this story: Juan Pablo Spinetto in Rio de Janeiro at jspinetto@bloomberg.net.

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net.


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