Brazil partially suspends operating injunction against Transocean

10/08/2012
The Brazilian Superior Court partially suspended a preliminary injunction order that required drilling contractor Transocean Ltd. to stop operating in Brazil within 30 days. Consequently, Transocean can continue operations except at Frade oil field, which was the site of an oil seep in November 2011. Petroleo Brasileiro SA (Petrobras) is a partner with operator Chevron Corp. in Frade field. Previously, Transocean and Chevron each separately received 30-day notices to halt operations in Brazil stemming from an injunction handed down in July (OGJ Online, Sept. 28, 2012). Brazil's National Agency of Petroleum (ANP) appealed the injunction, saying a ban against Transocean from operating its...
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