Chevron to Lease Oil Vessel Base in Brazil

Chevron to Lease Oil Vessel Base in Brazil

US supermajor Chevron plans to sign a five-year agreement to lease berthing space for its vessels from US oil service company Edison Chouest Offshore. The $275m base, which is scheduled to be completed by mid-2017, is located at Prumo Logistica’s Port of Acu, on the northeast coast of Rio de Janeiro state, Reuters reported.

Chevron is expected to increase its Brazilian offshore operations in the coming year as it launches a new offshore field in the Campos basin, Upstream wrote. The company already controls and operates the Frade project in Campos, which is also owned by minority partners Petroleo Brasileiro SA, and Frade Brasil, a Joint Venture between Inpex Corporation and Sojitz Corporation.



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