Chevron (CVX $93.88) reported that while its subsidiary, Chevron Brasil Upstream Frade has not received formal notice from Brazil's National Petroleum Agency suspending its drilling license, the company has voluntarily suspended its current and future drilling operations, offshore Brazil.
The voluntary suspension includes the company's permitted pre-salt wells in the Frade field with the exception of current plug and abandonment activities. The suspension is indefinite. Chevron acknowledges, however, that ANP has posted a notice of suspension to its website.






