Chevron Reiterates Statement Regarding Oil Seep at Project in Brazil
- Company affirms that well control operations are successful
- Sea floor seep volume has decreased significantly
- Surface sheen volume estimated to total 400 ? 650 barrels
Chevron Corporation (NYSE: CVX) today reiterated that its efforts to
respond to oil seeps and a subsequent sheen in the vicinity of its
Chevron- operated Frade project have been successful.
Since receiving approval from the Brazilian National Agency of Petroleum
(ANP) late Sunday, Chevron Brazil immediately commenced plugging and
abandonment activities on an appraisal well within the Frade field which
was suspected to be contributing to oil being expressed through seep
lines located on the ocean floor.
Chevron Brazil can currently advise that due to successful well control
operations, the amount of oil observed coming from nearby seep lines on
the ocean floor has decreased significantly. Chevron Brazil will
continue to monitor the situation during the plugging and abandonment
process in the coming days, which will culminate in the final cementing
of the well.
Chevron′s current estimates continue to place the sheen volume around
the approximate range previously stated of 400 - 650 barrels (64 - 104
cubic meters). Chevron Brazil is working a fleet of 17 vessels. There
are currently up to eight vessels working at the sheen with six vessels
working in pairs to contain and recover the oil near the head of the
sheen and two boats working on mechanical dispersion toward the tail of
the sheen.
In parallel, the company will continue to coordinate and deploy
considerable resources to help control the oil sheen which is located
about 120 kilometers offshore and moving in a south easterly direction
away from the Brazilian coast. The Frade project is located 370
kilometers (230 miles) offshore north east of Rio de Janeiro, Brazil in
water depths of approximately 1200 meters (3800 feet).
Further updates will be posted to: http://www.chevron.com/news/mediaresources/updates.news.
Chevron is one of the world′s leading integrated energy companies, with
subsidiaries that conduct business worldwide. The company is involved in
virtually every facet of the energy industry. Chevron explores for,
produces and transports crude oil and natural gas; refines, markets and
distributes transportation fuels and lubricants; manufactures and sells
petrochemical products; generates power and produces geothermal energy;
provides energy efficiency solutions; and develops the energy resources
of the future, including biofuels. Chevron is based in San Ramon, Calif.
More information about Chevron is available at www.chevron.com.
Chevron Corporation
Lloyd Avram, 925-790-6930
