Radar > 239328

Cobalt is selling a 40% stake in oil blocks 21-09 and 20-11

A Cobalt estaria vendendo uma participação de 40% nos blocos petrolíferos 21-09 e 20-11

Intel ID : 239328
Synopsis

Cobalt (NYSECIE), a US-based oil company, would be selling a 40% stake in oil blocks 21-09 and 20-11 to third parties, whose identities were not revealed, reported Dinheiro Vivo on 02 August, 2016, citing Cobalt CEO,Tim Cutt.~

Angola-based Sonangol, announced the acquisiton of such oil blocks in August 2015 (see related transaction), but the transaction was canceled.

Cobalt has a majority stake of 40% in block 20-11, compared to current 30% of Sonangol and 30% of BP, while in block 21-09, Sonangol owns 60% and Cobalt, 40%.
(content in portuguese)

A Cobalt (NYSECIE), petrolífera norte-americana, estaria vendendo um participação de 40% nos blocos petrolíferos 21-09 e 20-11 a terceiros, cujas identidades não foram reveladas, segundo publicou o Dinheiro Vivo no dia 02 de agosto de 2016, citando o Administrador da Cobalt, Tim Cutt.

A angolana Sonangol, anunciou a compra dos referidos blocos petrolíferos em agosto de 2015 (ver transação relacionada), mas a operação foi cancelada.

A Cobalt detém uma participação maioritária de 40% no bloco 20-11, face aos atuais 30% da Sonangol e outros 30% da BP, enquanto no bloco 21-09 a Sonangol detém 60% e a Cobalt detêm 40%.

Intel ID 239328
Value ND
Native Currency US Dollar (USD)
Exchange Rate:
Date
Country
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
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Tags

Target

Name
verified
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
Primary Sector (TTRSC)
20.02.05 Oil & Gas Exploration & Production (Upstream)
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

Country
Description

Target

Name
verified
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
Primary Sector (TTRSC)
20.02.05 Oil & Gas Exploration & Production (Upstream)
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

Country
Description

Seller

Name
verified
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
Country
Website
Description

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.