Compounding the problems of Brazilian billionaire Eike Batista, his oil company OGX Petroleum...

|By:, SA News Editor

Compounding the problems of Brazilian billionaire Eike Batista, his oil company OGX Petroleum (OGXPY.PK -5.6%) says it's now facing operating issues at its only producing oil field which led to a 27% drop in offshore production in March. "The last thing OGX needed at this point was to be faced with operational problems," Credit Suisse says. "Uncertainty was already high."