Photo Courtesy of ThinkstockAs the oil spill off the coast of Rio de Janeiro was due to an obvious issue with Chevron’s engineering, they quietly paid the fines issued by Brazil. This was likely the best move considering “Big Oil” has been a bit of a target lately and although attempting to fight the fines may have resulted in a lower payment, they would have likely taken a big public relations hit.
Rio de Janeiro: US oil super major Chevron Corp. said it has paid the 35.1 million reais (USD 17 million) fine imposed by Brazil's ANP regulator for an oil spill last November. The company said in a statement Thursday that it made the payment Sep 21 without lodging an appeal.
The fine corresponded to 24 of the 25 infractions that the regulator found at the Frade field, where 3,700 barrels of crude were spilled at a spot some 120 km off the coast of the southeastern state of Rio de Janeiro.
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