Cobalt targets year-end sanction for Cameia offshore Angola
Cobalt International Energy is preparing to relocate the Petroserv SSV Catarina rig to drill the Loengo #1 presalt exploration well on block 9 offshore Angola.
This will follow the conclusion of operations on the successful Cameia #3 appraisal well in the Kwanaz presalt basin in block 21.
Cobalt is looking to proceed with development of Cameia. It is targeting formal sanction for the project by the end of 2014 and first production in 2017.