Cobalt Energy Puts 2015 Capex as High as $900 Million as Drilling Projects Grow in Africa, Gulf of Mexico

SUGAR LAND--February 24, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Cobalt International Energy Incorporated (NYSE:CIE) (Houston, Texas), an independent exploration and production company working in the deepwater U.S. Gulf of Mexico and offshore Angola and Gabon, approached its drilling projects with more caution toward the end of 2014 at prices plummeted and impairment charges popped up. The company incorporated in 2009 and has not yet begun producing or generating revenues from its properties. Industrial Info is tracking nearly $1.5 billion in active projects involving Cobalt.

Within this article: Details on Cobalt's quarter and major projects, including four drilling programs offshore Angola.