Narrative:

At FL270; master caution light came on indicating low right engine oil pressure. I requested diversion and immediate landing at closest airport. Center responded ZZZ and 45 miles. No emergency was declared. While pilot not flying loaded GPS for ZZZ; pilot flying reduced power. Center advised our clearance was for FL270. Altitude was down approximately 300 feet and was corrected. We were then given clearance to FL240. Next center frequency cleared descent to 7;000 feet and gave us a center phone number to call after landing. IFR was canceled and VFR landing was made at ZZZ. Landing was made without incident. Denver advised after landing that FL270 was the floor of a sector and we had entered into another sector's airspace. Issue was the loss of altitude caused by attention to engine problem and diversion to another airport. Once clearance was clarified altitude was immediately corrected.

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Original NASA ASRS Text

Title: Distracted by the loss of oil pressure on the right engine; the flight crew of a BE30 allowed the aircraft to descend beyond its cleared altitude of FL270. The flight crew corrected when advised and then diverted to a nearby airport due to the loss of oil.

Narrative: At FL270; Master Caution Light came on indicating low right engine oil pressure. I requested diversion and immediate landing at closest airport. Center responded ZZZ and 45 miles. No emergency was declared. While Pilot Not Flying loaded GPS for ZZZ; Pilot Flying reduced power. Center advised our clearance was for FL270. Altitude was down approximately 300 feet and was corrected. We were then given clearance to FL240. Next Center frequency cleared descent to 7;000 feet and gave us a Center phone number to call after landing. IFR was canceled and VFR landing was made at ZZZ. Landing was made without incident. Denver advised after landing that FL270 was the floor of a sector and we had entered into another sector's airspace. Issue was the loss of altitude caused by attention to engine problem and diversion to another airport. Once clearance was clarified altitude was immediately corrected.

Data retrieved from NASA's ASRS site as of April 2012 and automatically converted to unabbreviated mixed upper/lowercase text. This report is for informational purposes with no guarantee of accuracy. See NASA's ASRS site for official report.