Exclusive: Chevron nears Schlumberger deal to drill wells in Brazil


Chevron Corp has reached preliminary agreement with oil services firm Schlumberger NV to drill six wells in a Brazilian offshore field, two sources said this week, in a bid to lift its output in the South American country after a 2011 oil spill there cut production.

Six wells would be drilled in the Frade field in Brazil’s offshore Campos basin, and work should begin in early 2019, the sources said. Drilling for the contract, worth about $20 million would be spread over 18 to 24 months, one of the people familiar with the matter said.

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