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Cobalt Progressing at Multiple Gulf of Mexico Wells
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Cobalt International Energy, Inc. announced a net loss of $143 million, or $0.35 per basic and diluted share for the third quarter of 2014, compared to a net loss of $160 million, or $0.39 per basic and diluted share, for the third quarter of 2013.
Operational Update Gulf of MexicoCobalt also announced that development drilling is under way at the Heidelberg field in the deepwater Gulf of Mexico. The first development well has been drilled and development operations continue with the hull having recently been transported from Pori, Finland to Ingleside, Texas, where construction on the main topsides module is almost 60% complete. Heidelberg remains on schedule for initial production in 2016. Cobalt, as non-operator, owns a 9.375% working interest in Heidelberg. In addition, Cobalt…
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