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9/6/2011 - COBALT INTERNATIONAL SPUDS CAMEIA PROSPECT OFFSHORE ANGOLA |
| Cobalt International Energy, Inc. commenced drilling operations on its Cameia No. 1 well in Block 21, offshore Angola. Well operations are being conducted with Diamond Offshore’s OCEAN CONFIDENCE. After drilling and evaluating the Cameia-1 prospect, Cobalt will drill the Bicuar-1A well to test the Bicuar prospect, also in Block 21. Both wells are targeting pre-salt objectives.
Cobalt expects each well to take 80 to 100 days to drill and an additional 10 to 20 days to evaluate, if successful. Cobalt is the operator of Cameia and Bicuar and has a 40% working interest in each prospect. |
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