cobalt | Egypt Oil & Gas

Cobalt, Sonangol Deal Falls Through

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 ...

Angola Discovers More Gas In the Sea

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.

Houstan Firm Sells Angolan Assets during Corruption Investigation

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

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