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Brazil Sues Chevron, Transocean for Oil Spill

HeadlineDec 16, 2011

The Brazilian government has filed an $11 billion suit against the oil giant Chevron as well as the drilling company Transocean over an offshore oil spill last month. Brazil says the spill leaked at least 2,400 barrels of oil. Chevron has admitted it caused the accident by wrongly estimating pressure and rock strength in the reservoir it was targeting. Brazilian prosecutors say they will seek a permanent ban on the companies’ operations.

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