Oil production unit serving Brazil's Petrobras paralyzed due to regulatory issues

Modec

23/09/2019 19:58

RIO DE JANEIRO, Sept 23 (Reuters) - An oil production unit
supporting the operations of Brazilian state-controlled oil firm
Petroleo Brasileiro SA  PETR4.SA  has been paralyzed since Sept.
19 due to regulatory issues, the operator, Modec  6269.T , told
Reuters on Monday.
    The nature of the previously unreported irregularities was
not immediately clear. However, Modec said the stoppage resulted
from Operation Black Gold, a joint operation between a broad
range of authorities, including the Brazilian federal police and
labor and environmental regulators.
    The ship-borne unit, which assists with production and
storage of offshore oil, is located in Brazil's Santos Basin.
According to Brazilian oil regulator ANP, it was responsible for
a relatively small 8,347 barrels per day of oil in July.
    

 (Reporting by Marta Nogueira; Editing by Dan Grebler)
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