In Brazil, Chevron Fine Close To $25 Million For Rio Oil Spill

July 17, 2012

Brazil’s National Petroleum Agency, ANP, said it will fine Chevron for its November oil spill below the maximum allowable fine of R$50 million, or roughly $25 million. Given that it is not at the maximum, Chevron is actually being fined less than many people had expected at the outset of the November oil spill.

ANP said on Monday that they will deliver the exact fine to Chevron this week for 25 infractions caused in the oil spill in the so-called Frade Field in the Santos Basin. Between 2,400  and 3,000 barrels of oil seeped into the Atlantic Ocean from a crack in the ocean floor during a drilling miscalculation. No wildlife was believed to have been harmed and no oil washed up on shore, though the spill sparked outrage and lawsuits galore in Rio de Janeiro and basically put its president, George Buck, under house arrest. Buck was not allowed to leave the country during the investigation.

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