Petrobras Demands $185M In Faulty Marine Chain Suit

Law360, New York (March 27, 2012, 1:15 PM EDT) -- Petrobras America Inc. is seeking at least $185 million from a Spanish marine-chain manufacturer for damage to its oil production system in the Gulf of Mexico allegedly caused by a defective chain link, in a suit lodged Friday in Texas federal court.

The failure of a chain purchased from Vicinay Cadenas SA resulted in parts of a freestanding hybrid riser connecting oil and gas wells to the floating production system falling to the ocean floor and caused an oil and gas storage vessel to come loose...
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