Chevron will pay for Brazilian Oil Spill

Oil regulators in Brazil have announced that Chevron Corp. will have to pay a financial penalty for its role in a November oil spill that occurred at the Frade offshore oil field, 230 miles off the coast of Rio de Janeiro. Investigators looking into the incident said the exact amount of the fine should be determined by July.

Chevron is facing both criminal and civil charges over the November 2011 drilling accident which caused an estimated 3000 barrels of crude oil to leak into the Atlantic Ocean through cracks created in the seabed. An investigation into the accident is still underway, being led by Brazil's National Petroleum Agency (ANP). Chevron is currently responding to charges of infractions and other project irregularities discovered by the ANP, but it is already clear that the company will have to pay some type of financial penalty for their role in the spill. Transocean Ltd also faces charges related to the incident.

When oil and gas companies engage in unsafe operations, spills such as the Brazilian accident can wreak havoc on the environment and the people who depend on the ocean and shore for their livelihood. If you or a loved one has been harmed by an oil spill such as this, you may be entitled to compensation. Contact an oil spill attorney from Arnold & Itkin today for a free consultation.

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