Cobalt International Energy Inc. (NYSE: CIE) has appointed Shashank V. Karve as executive vice president of Cameia Development. Karve joined Cobalt in December 2014, and is accountable for execution and delivery of Cobalt’s Cameia project in Angola Block 21. He will be based in Houston, Texas.
Karve has experience in executive management and project delivery, having held the position of chairman and CEO for MODEC International Inc. He was also the managing director and COO of the publicly traded parent company in Tokyo, MODEC Inc., where he held profit and loss responsibility for the corporation. His responsibilities included global project development, engineering, execution, installation, and operations of floating systems, and he has led a multi-disciplinary global organization. Karve brings decades of international experience in designing and completing global projects in challenging and low-cost environments.
Cobalt focuses on the deepwater US Gulf of Mexico and on offshore Angola and Gabon.