Operational Updates | Capital Markets | Private Equity Activity
Cobalt International Energy, Inc. Announces Second Quarter 2012 Results
Print
|
Operations Update
Cobalt today provided an update on the status of its Cameia #2 appraisal well, located in Block 21 offshore Angola. The objectives of Cameia #2 were to (1) better define the areal extent of the Cameia discovered resources, (2) determine an oil-water contact deeper on the Cameia structure than the lowest known oil observed in Cameia #1, and (3) test deeper oil potential in untested zones in the Cameia field. Based on our preliminary wireline logging results, Cameia #2 was successful on the first and second objectives, and evaluation is ongoing to determine the potential of the deeper reservoir target.
The well was drilled approximately 3.5 kilometers south from the Cameia #1 pre-salt discovery well to the target total depth of 5,475 meters in basement. Logging results…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations