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Wednesday, November 23, 2011

ANP says suspends Chevron drilling rights in Brazil

Reuters, SAO PAULO, Wed Nov 23, 2011

An aerial view shows oil that seeped from a well operated by Chevron at Frade,
 on the waters in Campos Basin in Rio de Janeiro state November 18, 2011. 
(Credit: Reuters/Rogerio Santana/Handout)

(Reuters) - Brazil's National Oil Regulator (ANP) said on Wednesday that it is suspending the drilling rights of U.S. oil major Chevron in national territory until it clarifies conditions of the recent oil spill in its Frade field.

The ANP also said it has denied Chevron's request to drill into ultra-deep subsalt areas, which hold huge deposits of oil off Brazil's coast.

(Reporting by Reese Ewing)


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