Once these plugging operations are finished, Cobalt will move the
Drilling operations at Cobalt’s Cameia #2 appraisal well in Block 21,
Following completion of operations on the Cameia #2 well, the Diamond Ocean Confidence drilling rig will be released to another operator for approximately 120 days for the drilling of one offshore Congo well. The Ocean Confidence rig will then return to Cobalt and will be used to drill Cobalt’s next two Angolan pre-salt wells. In addition, Cobalt has tendered for and is currently evaluating bids for additional drilling rig capacity for its 2013+ Angolan pre-salt drilling campaign. It is anticipated that a rig selection announcement will be forthcoming in the third quarter.
Cobalt is an independent oil exploration and production company focusing
on the deepwater U.S. Gulf of
This press release includes “forward-looking statements” within the
meaning of the safe harbor provisions of the Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934 — that is, statements related to future, not past, events.
Forward-looking statements are based on current expectations and include
any statement that does not directly relate to a current or historical
fact. In this context, forward-looking statements often address Cobalt’s
expected future business and financial performance, and often contain
words such as “anticipate,” “believe,” “intend,” “expect,” “plan,”
“will” or other similar words. These forward-looking statements involve
certain risks and uncertainties that ultimately may not prove to be
accurate. Actual results and future events could differ materially from
those anticipated in such statements. For further discussion of risks
and uncertainties, individuals should refer to Cobalt’s
Cobalt International Energy, Inc.
Richard A. Smith, +1 713-452-2322
Vice President, Investor Relations and Planning
Lynne L. Hackedorn, +1 713-579-9115
Vice President, Government and Public Affairs