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Brazil to fine Chevron $28m for Rio oil spill

Brazil has announced it is fining US oil company Chevron $28m (£17.9m) for causing an oil spill off the coast of Rio de Janeiro. Chevron has accepted responsibility, saying it had underestimated the pressure of underwater oil deposits while drilling.

Brazilian Environment Minister Izabella Teixeira said Chevron could face further fines if an investigation into the spill revealed more infractions. Chevron says the leak has been plugged. The head of Chevron’s Brazil operation, George Buck, said the company had underestimated the pressure of underwater oil deposits while drilling, causing oil to rush up the bore hole and seep into the surrounding seabed.

Mr Buck said the leak had been plugged, but that there continued to be a residual oil flow from undersea rock near the well in the Frade oil project, 370km (230 miles) off the Brazilian coast.

According to Brazil’s National Petroleum Agency (ANP), the leak released between 200 and 330 barrels a day at the height of the spill.

Read full story: BBC NEWS

Category: World News |

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Last updated December 8, 2016 at 12:39 AM
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