Petrobras Temporarily Stops Offshore Amazon Drilling After Fluid Loss [Yahoo! Finance]
Petroleo Brasileiro S.A. Petrobras American Depositary Shares representing Preferred Shares (PBR.A)
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Source: Yahoo! Finance
Petrobras reported that it identified the leak on Sunday in two auxiliary lines connecting its drilling rig to a planned offshore well located off the coast of Amapá state in northern Brazil. Around 15 cubic meters (15,000 liters) of synthetic drilling fluid were released in the early hours of the day, according to an internal incident report seen by Reuters. “The loss of drilling fluid was immediately contained and isolated,” Petrobras said in a statement, adding that the affected lines will be brought to the surface for evaluation and repair. The company did not provide a timeline for when drilling operations would resume. Brazil's environmental regulator Ibama confirmed it was notified of the incident by Petrobras and is monitoring the situation. Petrobras emphasized that the leaked fluid is biodegradable and poses no harm to people, the environment, or the safety of its operations. The Foz do Amazonas Basin is considered Petrobras' most promising new oil frontier , sharing
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