DRILLING

Chevron shuts Brazilian well

CHEVRON has been ordered by Brazil's petroleum regulator to shut in one of its 11 production wells at the Frade offshore oil field, where an oil leak had occurred last month.

The decision follows the National Petroleum Agency's safety audit of the Frade floating production, storage and offtake vessel, though Chevron said the well accounted for less than 10% of Frade's total...

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