Colombian Pacific agrees catalyst for lower debt

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Colombian Pacific agrees catalyst for lower debt

Oliver West
April 21, 2016 11:30 pm
Colombian oil
COLOMBIA Industry Oil Exploration Guavio 1 1959 the first wildcat exploration oil rig on the edge of the Llanos in foothills of Cordillera Oriental. Texaco drillers found oil and this well was forerunner to large oil discoveries in 1980s | Press Association Images

Some 49% of troubled Canadian-Colombian oil company Pacific Exploration & Production’s creditors, comprising bank lenders and senior noteholders, took just two days to agree to a restructuring proposal presented on Monday evening.

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Oliver West
US Bureau Chief - Latin America Editor
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