The US firm, Cobalt International Energy Inc, announced that the proposed $1.75b sale of a 40% stake in two offshore oil blocks in Angola to the state oil company, Sonangol, has automatically ended, after failing to ...
The US company Cobalt International has made a “significant” discovery of condensates and natural gas in the Zalophus # 1 well in Block 20 in the Angolan sea. The exploitation would yield 2mbp/d for three years.
Angola’s state-owned oil company Sonangol agreed to acquire Cobalt International Energy Inc.’s 40% interest in its offshore Angolan discoveries for $1.75b