6
Cobalt International Energy, Inc.
Our Diverse Operating Areas
OPERATIONAL
SNAPSHOT
ANGOLA
Three operated blocks in Angola (Blocks
9, 20 and 21) with 40% working interest
»
Cameia Project:
Successful results at
Cameia #3 appraisal well; development
well drilling commencing in 2015;
expect formal sanction of project in
late 2015, with first production in 2018
»
Orca Discovery:
This 2014 discovery is
our largest Angola discovery to-date and
one of the largest oil discoveries in Angola;
appraisal drilling continues in 2015
»
Bicuar Discovery:
Significant 2014
discovery because well results confirm
the first discovery of mobile hydrocarbons
tested in the pre-salt syn-rift geologic
interval oshore Angola
Focusing on just these few key deepwater basins has produced exceptional
drilling success in the company’s core areas. This discriminating “first mover”
approach has led to the acquisition of a number of key leases and licenses,
putting Cobalt in competition with the world’s biggest oil companies.
GULF OF MEXICO
Cobalt owns interests in more than
266 blocks, representing approximately
1.5 million gross (0.8 million net) acres;
designated operator of 238 of these blocks
(approximately 89% of our leasehold acreage)
»
Heidelberg Project:
Formally sanctioned in
mid-2013; field development is progressing
and Anadarko Petroleum Corporation, as
operator, estimates first oil in first half of
2016, representing Cobalt’s first production
and revenue
»
Shenandoah Project:
First appraisal
well found 1,000 foot oil column; second
appraisal well successfully confirmed
depositional environment, lateral sand
continuity, reservoir quality, and down dip
thickening (extension) of the Shenandoah
pay sands
»
North Platte Project:
Discovery well
encountered over 550 net feet of oil pay;
currently drilling first appraisal well using
the newly built state-of-the-art Rowan
Reliance drillship
»
Anchor Discovery:
Cobalt’s third major
Inboard Lower Tertiary discovery and one
of Cobalt’s best discoveries in the Gulf of
Mexico; initial appraisal drilling expected in
2015 to evaluate field size
»
2014 Central GOM Lease Sale:
Participated in the Central Gulf of Mexico
Lease Sale 231 and was the high bidder on
44 of 46 bids
GABON
One non-operated block in Gabon
with 21.25% working interest
»
Diaba Block:
Acquisition of a
significant 3D seismic survey
continues; potential for additional
drilling in 2016
