ol. The Block 20 PSC governs its 40% working interest in and operatorship of Block 20 offshore Angola and forms the basis of its exploration, development and production operations on Block 20 offshore Angola. Sonangol P&P, BP and China Sonangol International Holding Limited (China Sonangol) are also parties to the Block 20 PSC. Subsequent to its execution of the Block 20 PSC, China Sonangol assigned its working interest in Block 20 to BP. Diaba Block offshore Gabon: The company acquired its non-operated 21.25% working interest in the Diaba Block offshore Gabon by entering into an assignment agreement with Total Gabon. Through the assignment the company became a party to the production sharing agreement (PSA) between the operator Total Gabon and the Republic of Gabon. The company has contractual rights to any form of hydrocarbons, including natural gas, discovered on its Gabon license area. The Diaba Block is approximately 2.2 million acres (9,100 square kilometers) in size or approximately 370 U.S. Gulf of Mexico blocks. The block is 40 to 120 miles (60 to 200 kilometers) offshore in water depths of 300 to 10,500 feet (100 to 3,200 meters) in the central portion of the offshore South Gabon Coastal basin. As of December 31, 2013, the company’s working interests in Blocks 9, 20 and 21 offshore Angola and the Diaba Block offshore Gabon comprised an aggregate 5,652,687 gross (1,840,581 net) undeveloped acres. Environmental Matters and Regulation The company’s operations utilize equipment that emits air pollutants subject to the U.S. Clean Air Act and other pollution control laws. History Cobalt International Energy, Inc. was founded in 2005. The company was incorporated pursuant to the laws of the state of Delaware in 2009.
cobalt international energy
920 Memorial City Way
Houston, TX 77024
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