Jan 26


Blog Post: Judge OKs Cobalt's $500M Pact With Sonangol For Oil Blocks

by Anonymous

A Texas bankruptcy judge greenlit a deal under which Angolan state-owned oil company Sonangol EP will pay $500 million to take over Cobalt International Energy Inc.’s interests in a pair of offshore drilling blocks, resolving arbitration in which Cobalt was seeking more than $2 billion.
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