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CREDIT SUISSE 2011 ENERGY SUMMIT – Cobalt International Energy, Inc.

Cobalt International Energy, Inc. · Feb 8, 2011 · 21 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. CREDIT SUISSE 2011 ENERGY SUMMIT – Cobalt International Energy, Inc. – slide 1
    Credit Suisse 2011 Energy Summit Vail, Colorado February 8, 2011
  2. CREDIT SUISSE 2011 ENERGY SUMMIT – Cobalt International Energy, Inc. – slide 2
    Cobalts Founding (2005) Vision Strong long-term oil fundamentals Focus on worlds most prospective oil prone basins Large diversified portfolio required to mitigate exploration and political risks Access through lease sales…
  3. CREDIT SUISSE 2011 ENERGY SUMMIT – Cobalt International Energy, Inc. – slide 3
    Cobalt 2011 11 Billion Barrels of Net Unrisked Potential Portfolio Characteristics Oil-prone, deepwater, below salt portfolio Focused entirely in two of the worlds most coveted exploration basins Positions that would be impossible…
  4. CREDIT SUISSE 2011 ENERGY SUMMIT – Cobalt International Energy, Inc. – slide 4
    Cobalts Exploration Process Always Starts With a Deep Regional Understanding Understanding that Brazils Campos Basin and Angolas Kwanza Basin were formed at the same time under identical conditions allows Cobalt to transfer…
  5. CREDIT SUISSE 2011 ENERGY SUMMIT – Cobalt International Energy, Inc. – slide 5
    Brazil and West Africa Pre-salt - A Single Geologic History and Setting Atlantic Rift 120 million years ago, the Whale Park Complex Gabon (Campos Basin, Brazil) and Recncavo Recncavo Basin Basin 2.6 2.6 Bbbl Bbbl from from…
  6. CREDIT SUISSE 2011 ENERGY SUMMIT – Cobalt International Energy, Inc. – slide 6
    Depositional Location of Cobalts Kwanza Basin Blocks to Campos Basin Discoveries Atlantic Rift Brazil Baleia-1A Baleia-1A (1996) (1996) Drilled Drilled on on 2D2D data data with the primary with the primary Whale objectives…
  7. CREDIT SUISSE 2011 ENERGY SUMMIT – Cobalt International Energy, Inc. – slide 7
    Cobalt the Early Mover in West Africa as Brazil Evolves Brazilian Pre-salt Activity Cobalt / West Africa Pre-salt Activity Initiated regional West Africa play analysis 2006 Licensed 200,000 line km of 2D seismic Petrobras begins…
  8. CREDIT SUISSE 2011 ENERGY SUMMIT – Cobalt International Energy, Inc. – slide 8
    In the West Africa Pre-salt, We Expect Multiple, Yet Distinct Pre-salt Intervals Well Well Illustrative Salt SALT Target Intervals Key Uncertainty Increasing Geologic Risk Base Salt Reservoir Quality Closure Carbonate…
  9. CREDIT SUISSE 2011 ENERGY SUMMIT – Cobalt International Energy, Inc. – slide 9
    Bicuar Prospect Industrys First Well Designed Specifically for West Africas Deepwater Pre-salt Play Prospect characterization Objectives - All three Pre-salt intervals (Base Salt Closure, Carbonate Mound and Bicuar-1 Bicuar-1…
  10. CREDIT SUISSE 2011 ENERGY SUMMIT – Cobalt International Energy, Inc. – slide 10
    Cameia Prospect Same Structural Ridge as Bicuar, Unique Prospect Objectives 4km Prospect characterization Objectives - Base Salt Closure, Carbonate Mound Cobalt 40% working interest and operator; 62.5% cost interest Cameia-1…
  11. CREDIT SUISSE 2011 ENERGY SUMMIT – Cobalt International Energy, Inc. – slide 11
    Angola Pre-salt License Round Likely One of the Most Significant Bid Rounds in History Pre-salt Blocks and Operators Named Cobalt License Angolas 2011 License Round Conditional Award Industry Existing License 11 Pre-salt blocks…
  12. CREDIT SUISSE 2011 ENERGY SUMMIT – Cobalt International Energy, Inc. – slide 12
    Blocks 20: A Continuation of Block 21s Structural Setting Baleia-1A Baleia-1A (1996) (1996) Extensive north-south trending rifts with very large Pre-salt basement Lontra Block 20 highs The Baleia-1A well confirmed a Prospect…
  13. CREDIT SUISSE 2011 ENERGY SUMMIT – Cobalt International Energy, Inc. – slide 13
    Angola Block 20 Comparison to Brazil Pre-Salt Campos Basin Discoveries to Date Eastern Campos Basin, Brazil Block 20 Kwanza Basin, Angola Whale Park Complex Baleia-1A Baleia-1A Well Well Lontra Lontra Cachalote Cachalote…
  14. CREDIT SUISSE 2011 ENERGY SUMMIT – Cobalt International Energy, Inc. – slide 14
    Cobalts Pre-salt Prospect Inventory in Gabon - Characterized by Large Pre-salt Structures Gabon 0 50 Unexplored, deepwater Kilometers Pre-salt play Angola Rabi-Kounga Rabi-Kounga 940 940 MMBOE* MMBOE* In close proximity to…
  15. CREDIT SUISSE 2011 ENERGY SUMMIT – Cobalt International Energy, Inc. – slide 15
    Cobalts Gulf of Mexico Portfolio - Multiple Play Types, Numerous Oil Focused Prospects Miocene Miocene Trend Trend Key Key leaseholder leaseholder inin established established GOM GOM play play 25 25 identified identified…
  16. CREDIT SUISSE 2011 ENERGY SUMMIT – Cobalt International Energy, Inc. – slide 16
    Current Perspective on the Gulf of Mexico Cobalt has actively pursued drilling permits for North Platte first and then Ligurian All submissions are currently with the BOEMRE We are not aware of any material deficiencies We do not…
  17. CREDIT SUISSE 2011 ENERGY SUMMIT – Cobalt International Energy, Inc. – slide 17
    Our GOM Lease Inventory A Source of Long-term Value 5th Largest Leaseholder in Deepwater GOM * Enviable Remaining Lease Tenure Blocks Blocks 400 400 BP Non-operated Operated 300 300 APC CVX STO Cobalt 225* 200 200…
  18. CREDIT SUISSE 2011 ENERGY SUMMIT – Cobalt International Energy, Inc. – slide 18
    Plans and Objectives of Cobalts Programs 2011 Plans Objectives Make billion barrel size discoveries; Angola Block 21 Drill Drill Bicuar Bicuar and and Appraise discoveries*; (operated) Cameia Cameiaprospects prospects Mature…
  19. CREDIT SUISSE 2011 ENERGY SUMMIT – Cobalt International Energy, Inc. – slide 19
    Our Resource Base Continues to Increase DeGolyer & MacNaughton Reports Dec. 09 Feb. 11 (Net Mean, BBOE) Reports Reports 3P Reserves & Contingent 0.1 0.1 Increase in West Africa Resources - GOM prospective resources driven…
  20. CREDIT SUISSE 2011 ENERGY SUMMIT – Cobalt International Energy, Inc. – slide 20
    The Capital to Execute Our 2011 Program Cash Sources at YE 2010* 2011 Expenditures Range 1.4 1.6 Billion 180 350 MM** MM MM Up to 180 MM TOTAL Carry success-based (up to 375 MM) 195 MM existing Restricted Cash 340 MM 40 60…
  21. CREDIT SUISSE 2011 ENERGY SUMMIT – Cobalt International Energy, Inc. – slide 21
    Turning Our Vision into Shareholder Value We have completed the access phase of Cobalts Founding Vision with the addition of Angola Block 20 to our portfolio* We are now focused on the drill bit execution of our West Africa and…

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