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Cobalt International Energy Confirms Significant Pre-salt Discovery at Lontra #1 Well, Offshore Angola

Cobalt International Energy (NYSE: CIE) confirmed today
that it has successfully tested its previously announced Lontra #1
Pre-salt discovery well in Block 20, offshore Angola. During the
recently completed drill stem test, the Lontra well produced at a
stabilized flow rate of 2,500 barrels per day of condensate and 39
million cubic feet per day of gas. The flow rates were significantly
restricted by the surface test facilities on the SSV Catarina drilling
rig.

The Lontra #1 exploratory well was drilled to a total depth of 4,195
meters (13,763 feet) and penetrated approximately 75 meters (250 feet)
of net pay in a very high quality reservoir section. The discovery well
encountered both a high

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Posted-In: News Guidance Global

 

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