Chevron says appeals court overturned Brazil operating ban

RIO DE JANEIRO, Nov. 30 Fri Nov 30, 2012 3:27pm EST

RIO DE JANEIRO, Nov. 30 (Reuters) - A Brazilian appeals court overturned an injunction barring Chevron Corp, the No. 2 U.S. oil company, from operating in Brazil, a company spokesman told Reuters on Friday.

The injunction was sought by Brazilian Federal prosecutors who have launched a lawsuit against the company and its drilling contractor, Transocean Ltd, seeking nearly $20 billion for an offshore oil spill northeast of Rio de Janeiro in November 2011.