Stowvat Investments Limited: Cobalt agrees to $1.75bn transaction with Sonangol for Angola blocks

Stowvat Investments Limited

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Sunday, 30 August 2015

Cobalt agrees to $1.75bn transaction with Sonangol for Angola blocks

30 August 2015, News Wires – Cobalt International Energy Inc. has announced that it has signed an agreement to sell its entire 40 percent participating interest in blocks 21/09 and 20/11, located offshore Angola, to Sonangol for $1.75 billion. The transaction, which has an effective date of Jan. 1, is subject to Angolan government approvals, which […] More »