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Petroleo Brasileiro Petrobras SA Files Writ of Mandamus Against Injunction Suspending Transocean's Activities


Friday, 28 Sep 2012 02:20pm EDT 

Petroleo Brasileiro SA Petrobras (Petrobras) announced that on September 28, 2012 it filed a writ of mandamus, in the capacity of injured third party, to suspend the injunction granted on July 31, 2012 that ordered the shutdown of the activities of Transocean Brasil Ltda (Transocean). The injunction stems from the Public-Interest Civil Action filed by the Federal Prosecution Office in the Federal Courts of the state of Rio de Janeiro against Chevron Brasil Upstream Frade Ltda (Chevron), Chevron Latin America Marketing LLC and Transocean, on account of the Frade field incident that occurred on November 7, 2011. The injunction was granted on July 31, 2012 and ordered the suspension of Transocean's activities in Brazil within 30 days of the notice. This decision leads to the shutdown of seven rigs in operation that were chartered by Transocean to Petrobras, in addition to not allowing the operation of an additional chartered rig that is docked. Petrobras submitted a document to Brazil's National Agency of Petroleum, Natural Gas and Biofuels (ANP) detailing the impacts of the decision on its exploration and production activities. On September 17, 2012, the ANP filed a judicial remedy against the decision. On September 27, 2012, Transocean was given notice and the 30-day countdown period came into effect for the shutdown. 

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