Sonangol to Buy Cobalt's Stake in 2 Offshore Blocks

August 24, 2015

Angolan state oil company Sonangol said it would buy oil and gas producer Cobalt International Energy Inc's 40 percent stake in two oil blocks offshore Angola for $1.75 billion.
Cobalt operates three blocks covering 3.4 million acres off the Angolan coast.
Photo: Cobalt International Energy
Photo: Cobalt International Energy
(Reporting by Anannya Pramanick; Editing by Saumyadeb Chakrabarty)

Related News

DNV to Publish New Offshore Rules and Standards in July Bean Tapped to Succeed Ian Gooch as London P&I Club CEO Escalated Middle East Conflict Could Hike Oil Price to $150/barrel, Bloomberg Finds Royal Navy Seizes Over $250M Worth of Drugs in Caribbean Sea Shipbuilder HII Beats Q1 Estimates