Cobalt Announces Execution of a Drilling Rig Contract for Block 21 Offshore Angola


Cobalt announced execution of a Drilling Rig Contract with Diamond Offshore Drilling Inc. for use of the Ocean Confidence drilling rig.

Cobalt plans to use this rig to drill the first two wells on Block 21 in the deepwater offshore Angola. Cobalt has an option to drill up to two additional wells. The Ocean Confidence rig has a base operating rate of $360,000 per day. Cobalt anticipates the rig to be mobilized to Angola in the first quarter, 2011, depending upon when the current operator of the rig concludes its drilling operations.

Cobalt’s Chairman and Chief Executive Officer, Joseph H. Bryant, said “The execution of the Ocean Confidence Rig Contract is an important step in advancing our exploration program in the deepwater offshore Angola. We worked closely with Sonangol and the Block 21/09 contractor group to design a drilling program according to acceptable safety standards.”

Source: Cobaltintl, November  15, 2010;

Share this article

Follow Offshore Energy Today

Events>

<< Sep 2017 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

24th Annual Africa Oil Week 2017

The Conference portraying five days of senior-level executive insights, with rich-content on corporate strategies and portfolio, exposure…

read more >

FUTURE OIL & GAS

Join senior executives from oil and gas majors, service companies, technology suppliers and industry experts at this year’s premier event…

read more >

Offshore Energy 2017

Offshore Energy Exhibition & Conference (OEEC) is Europe’s leading offshore energy event…

read more >

3P ARCTIC 2017

There is going to be a chance to disclose the recent enhancements about Natural Resources, Petroleum, Geology, Oil, Geoscience, Geological…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you’ll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you’ll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you’ll reach countless professionals in the sector. For more information, click below...

apply