Bloomberg News

PAE Says 43 Percent of Cerro Dragon Oil Wells Operational

June 30, 2012

Pan American Energy LLC said 43 percent of the wells in its Cerro Dragon field are operational and the reservoir is producing 54 percent of the oil equivalent that it was before construction workers occupied the plant.

The Argentine energy company, which is partly owned by BP Plc., said in an e-mailed statement that it is working to assure the maximum level of oil production.

To contact the reporter on this story: Ben Bain in New York at bbain2@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net


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