Cobalt International Energy, Inc. Announces Execution of Production Sharing Contract for Block 20 Offshore Angola and Provides Update on Cameia-1 Well, Offshore Angola
Chairman and Chief Executive Officer
Block 20 is located immediately north of and adjacent to Block 21 and 12
km (7.5 miles) from the Cobalt-operated Cameia-1 well location. Block 20
is Cobalt’s third operated block in the
Cobalt is currently evaluating the results of Cameia-1 in Block 21. The results thus far confirm the existence of hydrocarbons and are very encouraging.
After Cameia-1 operations are complete, Cobalt will spud its Bicuar-1 well on Angola Block 21 with the Diamond Offshore Ocean Confidence drilling rig. Other partners in Block 21 and Cameia-1 include Sonangol Pesquisa e Produção, S.A. (20%), Nazaki Oil and Gáz, S.A. (30%), and Alper Oil, Limitada (10%).
About Cobalt
Cobalt is an independent oil exploration and production company focusing
on the deepwater U.S. Gulf of
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Source:
Cobalt International Energy, Inc.
Investor Relations:
Richard
A. Smith, +1 (713) 452-2322
Vice President, Investor Relations and
Planning
or
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