Cobalt aims for year-end sanction for Cameia offshore Angola

Offshore staff

HOUSTON – Drilling operations have been completed on the Cameia #4 well in block 21 offshore Angola.

According to operator Cobalt International, results were in line with pre-drill expectations. Cameia #4 well will be retained as a producer for the field development.

Recently drilling started on the Cameia #5 well, and drilling is expected to continue on the field through the rest of this year.

Cobalt is aiming for formal sanction of the project by year-end, followed by first production in 2018.

However, both eventualities remain subject to obtaining financing, and also approval for a revised development plan from partner Sonangol and the Angola Ministry of Petroleum.

08/06/2015

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