Reuters, 09/17/2012
Brazil’s petroleum regulator ANP appealed an injunction on Monday banning Transocean Ltd and Chevron Corp from operating in Brazil on the grounds the ban would harm oil exploration in the country, ANP chief Magda Chambriard said.
Among the repercussions of a ban, which could take effect in less than a month, would be preventing state-led oil company Petrobras from drilling eight new wells in its massive Marlim field northeast of Rio de Janeiro, Chambriard told reporters on the sidelines of the Rio Oil & Gas conference.
Asked if the ban would cause a serious reduction in drilling and exploration in Brazil, Chambriard replied “absolutely.”
