Chevron wants to suspend production at Frade offshore Brazil

Chevron Brasil Upstream Frade Ltda has requested to suspend production at Frade field, Campos basin, offshore Brazil.

Offshore staff

SAN RAMON, California –Chevron Brasil Upstream Frade Ltda has requested to suspend production at Frade field, Campos basin, offshore Brazil.

Chevron identified a new small seep and this request is a precaution. The other partners in the field have ratified the step.

Chevron has a 51.74% operating interest in the Frade field. Other partners in the project are Petróleo Brasileiro S.A. (Petrobras), 30%; and Frade Japão Petróleo Ltda., a joint-venture company of INPEX, Sojitz and JOGMEC, 18.26%.

3/16/2012

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