8
Cobalt International Energy, Inc.
OUR FINANCIAL
FUTURE
We are naturally pivoting our investments to focus on appraisal and
development. The recent change in oil prices has created an opportunity
for Cobalt to take advantage of lower equipment and services costs,
which translates to an even stronger balance sheet.
We have projected a 2015 operating budget that is
about the same as 2014, but with more than 80% of our
capital and operating expenditures concentrated on
appraisal and development. We continue our endeavor to
be a successful enterprise that is focused on generating
returns for our investors while providing an outstanding
professional experience for our team members. Our
track record of exploration excellence continues with ten
deepwater discoveries in the Gulf of Mexico and West
Africa. These achievements, combined with a disciplined
plan for future oil production, position the company
exceptionally well for long-term value creation.
Appraisal and Development
Exploration and other items
2013
2014
2015E
800 900
829
877
Capital and Operating Expenditures ($MM)
