Bloomberg News

BP’s Pan American Said to Hire Former BG Executive Prieto as CEO

October 13, 2011

Oct. 13 (Bloomberg) -- Pan American Energy LLC, the Argentine oil company controlled by BP Plc, hired Oscar Prieto as chief executive officer, two people familiar with the matter said.

Prieto, head of Port of Spain-based Atlantic LNG Co. in Trinidad and Tobago since 2006 and a former Egypt President for BG Group Plc, will take over from interim Pan American CEO Carlos Bulgheroni on Nov. 1, said the people, who declined to be identified because they aren’t authorized to speak publicly.

Bulgheroni took charge of Pan American after the departure of Felipe Bayon, who left after London-based BP agreed last year to sell its 60 percent stake in the Buenos Aires-based company to Bridas Corp., a company owned by Chinese oil producer Cnooc Ltd. and Argentina’s Bulgheroni family.

Prieto worked as BG’s Egypt President from 2004 and has served as chairman, director and president of Cia. de Gas de Sao Paulo, Brazil’s biggest gas distributor, according to Bloomberg data. Atlantic LNG is owned by subsidiaries of BP, BG, Repsol YPF SA, GDF Suez and The National Gas Co. of Trinidad & Tobago Ltd.

Billson Hainsley, a spokesman for Atlantic LNG, confirmed that Prieto had left for an opportunity in his native Argentina, without naming the position. A Pan American official in Buenos Aires, who can’t be identified because of company policy, declined to comment.

Neil Burrows, a BG spokesman in Reading, England, wasn’t able to confirm Prieto’s appointment when contacted by Bloomberg News today.

--Editors: Dale Crofts, Robin Saponar

To contact the reporters on this story: Rodrigo Orihuela in Buenos Aires at rorihuela@bloomberg.net; Laura Price in Buenos Aires at lprice3@bloomberg.net

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net


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