Firing of OGX's CFO may delay debt restructuring talks

|By:, SA News Editor

Eike Batista’s decision to fire the CFO of his embattled OGX Petroleum (OGXPY.PK -6.1%) is expected to heighten tensions with the management team and likely delay the restructuring of $3.6B in debt.

Roberto Monteiro, removed Friday from his post, was said to be the main negotiator for OGX in the restructuring talks with creditors holding the company's bonds.

Monteiro’s ouster was opposed by OGX CEO Luiz Eduardo Carneiro, the latest split between Batista and the management team at OGX.

Update: OGX names Paulo Narcelio Simoes Amaral as its new CFO and investor relations director; Amaral is new to OGX.