Chevron (CVX) Claims Responsibility for Frade Incident; Updates on Oil Sheen Reduction Efforts
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Chevron Corporation (NYSE: CVX) today reports that its subsidiary, Chevron Brasil Upstream Frade Ltda., continues to work in partnership with Brazilian government agencies to contain, reduce and eliminate the remaining oil sheen in the vicinity of its Frade field. The sheen, estimated at approximately 18 barrels or less in volume, is located about 120 kilometers offshore Brazil and continues moving away from the coast.
“Chevron takes full responsibility for this incident,” said Chevron Brazil country manager, George Buck. “We are committed to deploying resources until the sheen can no longer be detected.”
Up to 18 vessels have been in rotating operation to support well plugging operations and sheen cleanup. The vessels are using oil response methods approved by the Brazilian government, such as deployment of containment booms and surface skimming. At no time has sand or chemical dispersants been used in the process.
Chevron is analyzing data to estimate the total volume of oil released from the incident. This analysis is expected to be complete within days. Brazil’s National Petroleum Agency (ANP) had estimated the total volume of oil released at approximately 5,000 to 8,000 barrels.
Chevron notes that ANP was informed of the company’s well plan before drilling commenced. The plan included targeted depths and the targeted reservoir.
The company will continue to cooperate fully with all authorities as it has throughout the incident.
“Chevron takes full responsibility for this incident,” said Chevron Brazil country manager, George Buck. “We are committed to deploying resources until the sheen can no longer be detected.”
Up to 18 vessels have been in rotating operation to support well plugging operations and sheen cleanup. The vessels are using oil response methods approved by the Brazilian government, such as deployment of containment booms and surface skimming. At no time has sand or chemical dispersants been used in the process.
Chevron is analyzing data to estimate the total volume of oil released from the incident. This analysis is expected to be complete within days. Brazil’s National Petroleum Agency (ANP) had estimated the total volume of oil released at approximately 5,000 to 8,000 barrels.
Chevron notes that ANP was informed of the company’s well plan before drilling commenced. The plan included targeted depths and the targeted reservoir.
The company will continue to cooperate fully with all authorities as it has throughout the incident.
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