How Chevron’s oil spill will complicate Brazil’s subsalt development

As accidents go, the oil spill from Chevron's deepwater Frade field off the coast of Rio de Janeiro – Brazil’s worst since 2000 – is a minor one, notwithstanding the flurry of local accusations and denunciations against the firm in recent days. Brazil’s National Petroleum Agency (ANP) says that the estimated 3,000 bbl spill, which was first discovered on 7 November, has by now largely been contained. However, the political fallout for the industry is likely to continue for weeks to...

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