cobalt energy 2013 annual report web

Cobalt International Energy 2013 Annual Report 1

SOLID FOUNDATION PROVEN SUCCESS CONTINUAL GROWTH

2013 ANNUAL REPORT ON FORM 10-K

2 Cobalt International Energy 2013 Annual Report

Commitment to Health, Safety, Security and Environment

Outstanding Value for Shareholders

Best Talent, Team and Resources

Action Oriented and Results Focused

Legendary Leadership and Entrepreneurship

Trustworthy and Integrity in All That We Do

Socially and Professionally Rewarding

OUR VALUESGUIDE OUR BUSINESS AND EVERYTHING WE DO

WORLD-CLASS DISCOVERYFOCUS ON BIG PROSPECTSPhoto on the cover is of the Lontra #1 pre-salt discovery well’s drill stem test which resulted in a

stabilized flow rate of 9,500 BOEPD. The Lontra #1 exploratory well, located in Block 20, offshore

Angola, 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.

Both Tudor, Pickering, Holt & Co. and the American Association of Petroleum Geologists named

Cobalt’s Lontra #1 pre-salt discovery as the top discovery of 2013.

26 MONTHS FROM LICENSE AWARD TO TWO DISCOVERIESAN IMPERATIVE IN A CAPITAL INTENSIVE INDUSTRY


GULF OF MEXICO » Heidelberg Project

sanctioned, representing

Cobalt’s first proved reserves

» Shenandoah appraisal well

confirms significant discovery

North Platte discovery moving

into appraisal

ANGOLA » 100% drilling success rate in

Kwanza basin with Lontra, and

Mavinga discoveries (followed

by Bicuar and Orca in early

2014) confirming

pre-salt trend

» Cameia Project moving

to sanction

GABON » Diaman play-opening

discovery confirms active

petroleum system in Gabon

deepwater pre-salt

2013: A TRANSFORMATIVE YEAR

WORLD-CLASS SUCCESSUNPRECEDENTED TRACK RECORD OF SUCCESS Cobalt International Energy is an independent exploration and production company with

operations in the deepwater U.S. Gulf of Mexico and offshore Angola and Gabon in West

Africa. Since our founding in 2005, our oil-focused, below-salt exploration efforts have been

successful in each of our operating areas, resulting in nine discoveries out of the fourteen

exploration prospects drilled.

These nine discoveries include North Platte, Heidelberg and Shenandoah in the U.S. Gulf

of Mexico; Cameia, Lontra, Mavinga, Bicuar and Orca offshore Angola; and Diaman offshore

Gabon.

Cobalt is positioned to be a successful, enduring enterprise that will create wealth for our

investors and will provide an outstanding professional experience for our team members.

Our World-Class operations are possible by setting lofty goals, achieving outstanding

performance and delivering on our promises.

OUR VISION: Cobalt’s vision is to

become one of the

world’s most admired

exploration and

production companies

by adhering to our

values, achieving

results as promised, and

consistently delivering

top quartile

rates of return.

WORLD-CLASS DRILLING AND OPERATING PERFORMANCEACHIEVE MORE WITH LESS CAPITAL » Drilled deepest well in deepwater Gulf of Mexico in record time

» Significantly improved Angola drilling performance by cutting drilling time nearly in half

» Results achieved with outstanding safety and environmental performance


Action Oriented And Results Focused

Our world-class team


From the beginning, Cobalt believed that

we could leverage the best sponsors and

investors, talent, technology, data and

partners in the world to create one of the

most successful new energy enterprises in

the 21st century. Over the last eight years,

this standard has provided substantial

returns through the successful exploration

of our prolific prospect inventory, strategic

partnerships and a selective development

approach.

With nine material discoveries, our primary

focus areas are Continued Exploration,

New Ventures and Project Development.

We are Continuing Exploration to maintain

a robust exploration program on our current

acreage.

In 2013, we formed a New Ventures

group and are seeking the renewal of our

worldwide exploration portfolio in locations

applicable to our deepwater and below-salt

exploration strength. Consistent with our

core strengths, our New Ventures strategy

is centered on pursuing high-value,

deepwater oil-focused exploration

opportunities.

Through Project Development, we are

selectively progressing our discoveries,

which are currently in various stages of

appraisal and development, into proved

reserves, production, and cash flow.

As we continue to grow and transition

from solely an exploration company to

exploration, appraisal and development,

our vision remains laser-focused…

...to be one of the world’s most admired E&P companies.

ROAD MAP TO FIRST OIL

Heidelberg Cameia Shenandoah North Platte Lontra Orca Bicuar Mavinga Diaman

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2018+

2017

2016

2015

2014

LOOKING FORWARD

PROGRESS Cobalt is moving into the

next phase of our business

model, transitioning from

solely an exploration

company to exploration,

appraisal and development.

Outstanding Value for Shareholders Through

Legendary Leadership and Entrepreneurship


SHAREHOLDER’S LETTER

Dear Shareholders,

We began the year 2013 filled with

excitement, anticipation, and confidence

knowing that it would be the most active

and catalyst-filled year in Cobalt’s history.

On behalf of Cobalt’s Board of Directors, I

am very proud to report that your company

achieved exceptional results in a number of

areas, further solidifying Cobalt’s position as

one of the world’s pre-eminent exploration

companies. Most importantly, we achieved

these results with outstanding safety and

environmental performance.

From Cobalt’s inception in 2005, we have

always set bold objectives to achieve

industry leading results in all that we do. This

uncompromising pursuit of excellence drives

all of us at Cobalt, it is one of our core values.

In total, our values define Cobalt’s culture and

are standards for conducting our business

with the highest level of integrity and an

unwavering commitment to the health and

safety of our employees and stakeholders

with absolute resolve to protect, and improve

the environment where we can. We know that

these exceptionally high standards are key

to attracting the industry’s best talent. And on

that score our results confirm that Cobalt’s

team is among the most talented in the

industry. Great people are the reason that we

have achieved industry leading exploration

and operational results.

Cobalt entered 2013 with a robust deepwater

portfolio consisting of four significant

discoveries, which included Heidelberg,

Shenandoah and North Platte in the U.S.

Gulf of Mexico, and Cameia in Angola. In

addition, we planned to drill and announce

results for six wells during the year, including

five high-potential exploratory wells and one

significant appraisal

well. This six well

program resulted

in three significant

new discoveries, including Mavinga, Lontra

and Diaman, and one outstanding appraisal

success at Shenandoah, yielding an

overall drill bit success rate of 67%. When

we consider the two additional exciting

discoveries, Bicuar and Orca, that we

commenced in 2013 and finalized early

this year, our drill bit success rate over

a twelve month period climbed to 75%.

The year 2013 was clearly the most

successful year in our history. In West Africa,

we drilled five exploratory wells,

and, while two of these wells

were actually announced

early this year, each of the five

resulted in a discovery. This

is an astounding track record

of success. Included in these

results were Angola’s world

scale Lontra discovery,

which has been described as the industry’s

largest discovery in 2013, and the Gulf of

Mexico’s Shenandoah appraisal well, which

logged over 1,000 net feet of oil pay.

We achieved these extraordinary exploration

results while at the same time delivering best-

in-class operational performance. In the Gulf

of Mexico we drilled two deepwater subsalt

wells, one of which was the deepest well

ever drilled in the deepwater Gulf of Mexico.

36,552 ft. Safely drilled the DEEPEST well in the deepwater Gulf of Mexico.

Booked FIRST PROVED RESERVES

Joseph H. Bryant Chairman and Chief Executive Officer


In West Africa, throughout the year we applied

important learnings from previously operated

wells and significantly improved our drilling

performance by cutting our drilling time nearly

in half. This operational performance results

in tremendous cost savings, which we believe

can be repeated in future wells in both basins.

Needless to say, these results were delivered

while never compromising our safety or

environmental standards.

In addition to this remarkable drilling success,

we also reached a milestone in 2013 by

joining our partners in sanctioning our

Heidelberg discovery and booking Cobalt’s

first proved reserves, which will be producing

in 2016. When this oil and gas starts flowing,

we will have achieved what many thought

impossible—moving from an aspirational

business plan to producing oil and gas in

deepwater organically in ten years. This is a

feat that if equaled has few peers.

As I mentioned, we followed up our 2013

accomplishments by making two additional

significant discoveries. In January we

announced our Bicuar #1A discovery in

Block 21 offshore Angola. This discovery was

particularly important because it was the first

syn-rift discovery, a new

geologic horizon that

holds great potential

for further pre-salt exploration. Bicuar

represented our fourth consecutive discovery

in Angola’s Kwanza Basin. In addition, in

February we followed up Bicuar’s January

success by announcing that our Orca #1

exploration well in Block 20 also offshore

Angola resulted in our fifth significant Angolan

oil discovery. Beyond these five discoveries

in Blocks 20 and 21 we have numerous

additional prospects in our Angolan inventory,

as well as a number of appraisal wells that we

will drill on our discoveries.

In addition, we and our Block 21 partners are

actively pursuing the sanction of our Cameia

project in 2014, and once sanctioned, we will

embark on the development of Cameia in

order to achieve first production from this field

as early as 2017.

In the Gulf of Mexico, our successful Inboard

Lower Tertiary Shenandoah appraisal and

North Platte discovery wells are significant

because they reduce the geologic risk in

several additional prospects Cobalt owns

in the Inboard Lower Tertiary trend. We

and our partners are working to advance

both Shenandoah and North Platte through

the appraisal phase, and while this work is

required of both Shenandoah and North

Platte, we remain very excited about the

potential of these fields. We hope to have

both fields producing by the end of the

decade. While we won’t have any operated

drilling operations in the Gulf of Mexico

in 2014, we are participating in two wells

currently being drilled in the Inboard Lower

Tertiary basin this year. The Shell operated

Yucatan prospect spud in January and

the Chevron operated Anchor prospect is

spudding in March. We should have well

results on both wells sometime in mid-year.

At Cobalt, we have always believed that

maximum shareholder value is created with

the exploration drill bit. Simply stated, we want

to be the first to recognize new deepwater

exploration plays, acquire significant acreage

positions, then proceed with the detailed

5 for 5 in frontier basin exploration

SUCCESS in Angola, Gabon, and Gulf of Mexico is based on excellence in GEOSCIENCE and OPERATIONS.


exploration work which culminates in drilling

exploration wells. There are no shortcuts in

this process. It takes vision, confidence, and

discipline to set a course for wells that will not

be on the drilling schedule for several years.

During 2013 we began laying the foundation

for our next wave of exploration prospects

that will mature and be drilled toward the end

of this decade. We are actively evaluating

exploration opportunities around the world

which are aligned with our core strengths

centered on high potential, high value,

oil-focused deepwater exploration. I look

forward to sharing more about these activities

as they progress.

Of course none of this would be possible

without a strong balance sheet. We believe

that preserving our financial flexibility is

paramount to delivering shareholder value.

We ended 2013 with over $1.8 Billion of cash

and cash equivalents. We will continue to

evaluate high grading our portfolio, as well

as monitoring the capital markets to support

our operational opportunities and projected

growth until such time when we begin to

fund our capital programs through cash from

operations. We look forward to our first cash

flow in 2016 when we commence production

from Heidelberg.

The year 2013 was also significant for our

former financial sponsors. We began the year

with our original sponsors owning slightly

over 50% of Cobalt’s outstanding common

stock and as a controlled company. During the

year, the sponsors sold down their ownership

positions where they collectively now own

less than 30% of our common stock and

Cobalt is no longer a controlled company.

Also in connection with this sell down, the

sponsor representation on Cobalt’s Board

has decreased from seven Directors at the

beginning of 2013 to

two Directors today.

Resigning Board

members included Michael G. France, N.

John Lancaster, Scott L. Lebovitz, Kenneth A.

Pontarelli and Peter R. Coneway. On behalf of

all shareholders and management, I would like

to once again thank the financial sponsors of

Cobalt without whose unwavering confidence

and support Cobalt would not exist today. In

addition to the sponsors’ departures from the

Board, we have announced two new Directors

who have joined our Board including William

P. Utt and Senator Kay Bailey Hutchison. With

these changes throughout the year, Cobalt’s

Board now consists of nine Directors. I am

particularly proud of the Board that we have

assembled, and the talent that is represented

on the Board. It says a lot about this company

when such an extraordinary group of men

and women choose to represent you, our

shareholders.

When we founded Cobalt eight years ago,

our vision was simple: attract the best people,

give them the best data, provide them with

the best technology, maintain a solid balance

sheet, and strive to be the best partner in

the industry. In one simple sentence, that

is Cobalt. We have remained true to these

principles. All of our success, our discoveries

and our prospects are living proof that our

vision could create a truly special enterprise

that can deliver extraordinary value to our

shareholders.

On behalf of the Board of Directors and

the entire Cobalt team, thank you for your

steadfast support of and confidence in Cobalt.

Joseph H. Bryant

Chairman and Chief Executive Officer

World-Class HSSE performance

LONG-TERM VALUE CREATION: Our track record of

exploration excellence

continues with nine

deepwater discoveries in

the Gulf of Mexico and

West Africa.


INDUSTRY LEADER: Through our discriminating

“first mover” approach,

Cobalt has compiled an

impressive and unique

portfolio of assets in highly

attractive oil prone basins

and countries.

OPERATIONS AT A GLANCE

GULF OF MEXICO2013:

» Heidelberg Project sanctioned; first oil

expected in 2016

» Shenandoah appraisal well finds 1,000 ft

oil column

» Safely drilled the deepest well ever in the

deepwater GOM in record time

Looking Ahead:

» Potential participation in up to 3 partner-

operated wells in 2014

» Acquire and process new Full Azimuth

3D seismic over North Platte and

surrounding prospects

» Development drilling at Heidelberg

and appraisal drilling at Shenandoah

» Heidelberg production facility

being designed

» Rowan Reliance deepwater drillship

delivery expected early 2015

» Prepare for 2015 – 2017 operated

drilling program

GULF OF MEXICO

243 blocks leased covering 700,000 net acres; 85% operated blocks with an average 50% working interest

» Heidelberg Project: formally sanctioned in mid-2013; Anadarko Petroleum Corporation, as operator, estimates first production in 2016

» Shenandoah Project: expect to participate in an additional appraisal well in 2014

» North Platte Project: in the early stages of project development life-cycle and will require substantial additional evaluation and analysis. Plan to drill the initial appraisal well in 2015

Our operational highlights were made possible by the superior drilling performance we achieved in both the

Gulf of Mexico and West Africa. By applying learnings from previously drilled wells, we experienced significantly

higher penetration rates. While applying these efficiencies, we rigorously maintained our unwavering

commitment to safety and environmental protection.

Action Oriented and Results Focused


ANGOLA

Three operated blocks in Angola with 40% working interest

» Cameia Project: expect formal sanction of this project in late 2014 or early 2015 and first production in 2017

» Lontra Discovery: exploratory well encountered 250 feet (75 meters) of net pay in a very high quality reservoir section

» Orca Discovery: exploratory well encountered 250 feet (76 meters) of net oil pay

» Bicuar Discovery: exploratory well encountered 180 (56 meters) feet of net oil pay from multiple pre-salt intervals

» Mavinga Discovery: exploratory well encountered approximately 100 feet (30 meters) of net oil pay

WEST AFRICA2013 / 1Q 2014:

» 100% exploration success rate with

five deepwater pre-salt discoveries across

two basins:

› Angola - Lontra #1, Bicuar #1A,

Mavinga #1 , Orca #1

› Gabon - Diaman #1B

» Bicuar #1A represents the first discovery

in the pre-salt syn-rift geologic interval

offshore Angola

» Orca #1 represents the second discovery in

the pre-salt syn-rift

Looking Ahead:

» Cameia project moving towards sanction;

first oil expected in 2017

» Plan and drill next pre-salt exploration and

appraisal wells

» Pursue new exploration licenses based on

leveraging Cobalt’s intellectual capital

» Acquire new 3D seismic data in the Gabon

Diaba block

GABON

One non-operated block in Gabon with 21.25% working interest

» Diaman Discovery: exploratory well encountered approximately 160 to 180 feet (50 to 55 meters) of net hydrocarbons in the objective pre-salt formations



As a specialist in complex deepwater

exploration and drilling, Cobalt is

committed to operating worldwide in a

safe and responsible manner. We treasure

the environments where we work and

preserving and improving them are our

primary goals. We believe we have an

obligation to our employees, contractors and

the communities where we live and work to

be uncompromising in operating with the

highest ethical standards and conducting all

of our business with integrity.

Cobalt’s Core Values provide the standards

which lead to world-class performance

in achieving our vision. These values

include our Health, Safety, Security and

Environmental (HSSE) standards and the

partnerships we have built within our

communities.

OUR HEALTH, SAFETY, SECURITY

AND ENVIRONMENTAL STANDARDS

We believe that a proactive commitment

to HSSE and clear accountability for

performance are critical to Cobalt’s success.

This is the basis for our enterprise HSSE

management system, which is designed

to integrate HSSE into all aspects of our

business and be applicable to world

wide operations.

Safety and Environmental

Management System

The apex of our HSSE Management System

is our HSSE Policy. Standards define

what our expectations and requirements

are regarding each commitment in the

HSSE Policy. The detailed processes

and procedures necessary to support

these standards are provided to ensure

consistency in interpretation and

implementation.

HEALTH, SAFETY AND THE ENVIRONMENTPRIORITIES AT COBALT

SMALL BUT AGILE: As a company of nearly 300

employees, contractors and

consultants, Cobalt successfully

competes with the largest

E&P companies in technically-

challenging basins. We are

motivated by a shared vision

and clear business model,

enabling us to do what we do

best: find, develop & produce

hydrocarbons.

CobaltHSSEPolicy

Cobalt HSSEManagement

System Standards

Corporate HSSEManagement Systems

(Procedures and ProcessesApplicable for ALL Cobalt Operations)

Worksite HSSE Management System(Procedures and Processes Specific to Site)


Protecting our People

As part of our commitment to safety, we

conducted both our own internal Safety and

Environmental Management System (SEMS)

assessment as well as a third party SEMS audit

in 2013 to ensure we are in compliance with all

applicable regulations for operating offshore in the

deepwater Gulf of Mexico.

Crisis Response

Being prepared in case of a significant event

is integral to Cobalt’s operating model. Using

Emergency Response Plans which are consistent

with the U.S. National

Response Framework,

National Incident

Management System,

and the Incident

Command System (ICS),

Cobalt conducted emergency preparedness

exercises for our Angola and Gulf of Mexico

operations which tested subsea containment,

communications, response structure and time and

partnership integration.

We have also contracted with service providers

to provide equipment and support personnel to

respond to an incident. We hold memberships

with several industry groups that provide general

and specific oil spill and well containment

resources in the U.S. Gulf of Mexico. These

include the Helix Well Containment Group,

Clean Gulf Associates, the Marine Preservation

Association, and National Response Corporation.

For our operations offshore West Africa, we have

contracts in place for the provision of oil spill

management, equipment and response services.

In addition, we have contracts in place with

well control specialists and we have access to

equipment which is pre-staged in Angola.

Protecting the Environment

In the Gulf of Mexico we have established a robust

recycling program. In addition, Cobalt’s contracted

drilling crews are trained to report marine debris

to ensure we actively engage in the protection of

marine resources. Although we did not have any

cases of our own, in 2013, Cobalt did coordinate

multiple marine debris rescues to collect debris

generated from other sources.


Trustworthiness and Integrity in All That We Do


Holiday Raffle

Cobalt and Ensco employees raised money for Toys-for-Tots and St. Jude Children’s Research Hospital through the holiday raffle.

Cobalt is pleased to support the communities in which we live and operate. Our employees proudly dedicate their time to improve the

lives of our friends and neighbors. What follows is a snapshot of our community activity in Cobalt’s US and West Africa markets.

Luanda Clothing Collection

Cobalt’s Houston and Luanda offices conducted a company-wide clothing drive to collect items for Luanda’s communities in need.

Toys-for-Tots Toy Drive

Cobalt’s Houston offices donated hundreds of toys as part of Houston’s Toys-for-Tots campaign.

Galveston Beach Clean-Up

Cobalt volunteers supported the Texas Adopt-A-Beach trash removal efforts.

CORPORATE SOCIAL RESPONSIBILITY: A SNAPSHOT

Socially and Professionally Rewarding



MEET OUR TEAM

We know that with extraordinary people,

we can do extraordinary things. The

Cobalt team encompasses highly

experienced geoscientists, engineers,

business professionals and technicians,

led by a management team with a proven

record of success.

In 2013, Cobalt expanded our global

expertise to 178 employees and 114

contractors, consultants and secondees

working in Houston, Luanda and offshore.

Employing these nearly 300 highly

experienced personnel has allowed us

to successfully compete with some of

the world’s largest E&P companies in

technically-challenging basins.

Houston Office

Luanda Office



Joseph H. Bryant Chairman of the Board of Directors and Chief Executive Officer

Van P. Whitfield Chief Operating Officer and Executive Vice President

John P. Wilkirson Chief Financial Officer and Executive Vice President

James H. Painter Executive Vice President, Execution and Appraisal

James W. Farnsworth Chief Exploration Officer and Executive Vice President, Exploration and New Ventures

Gregory S. Sills Executive Vice President and Chief Development Officer

Michael D. Drennon Executive Vice President, Developments

Jeffrey A. Starzec Senior Vice President and General Counsel

Richard A. Smith Senior Vice President and President, Cobalt Angola

Lynne L. Hackedorn Vice President, Government and Public Affairs

BOARD OF DIRECTORS AND COMMITTEES:

OFFICERS

Myles W. Scoggins President of the Colorado School of Mines 1,3

D. Jeff van Steenbergen Co-founding and General Partner of KERN Partners Ltd. 2

William P. Utt Chairman, President and CEO of KBR, Inc. 3

Martin H. Young Jr. Senior Vice President and Chief Financial Officer of Falcon Seaboard Diversified, Inc. 1,2

Joseph H. Bryant Chairman of the Board of Directors and Chief Executive Officer Cobalt International Energy, Inc.

Jack E. Golden Former Group Vice President—Exploration and Production for BP 1,2

Kay Bailey Hutchison Former U.S. Senator 3

Kenneth W. Moore Managing Director of First Reserve Corporation 3

Jon A. Marshall Former CEO of GlobalSantaFe Corporation 1,2

1 Audit Committee 2 Compensation Committee 3 Nominating and Corporate Governance Committee


Common Stock

Listed New York Stock Exchange

(ticker symbol: CIE)

Annual Meeting

The Annual Meeting of Shareholders will be held

on Tuesday, April 29, 2014.

Available Documents

Copies of this Annual Report on Form 10-K filed

with the Securities and Exchange Commission may

be obtained upon request to Investor Relations or

through the company’s website at www.cobaltintl.

com. Quarterly reports, Corporate Governance

documents and press release information may also

be accessed through the website.

Forward Looking Statements

This Annual Report on Form 10-K contains

estimates and forward looking statements,

principally in “Business,” “Risk Factors” and

“Management’s Discussion and Analysis of

Financial Condition and Results of Operations.”

Our estimates and forward looking statements

are mainly based on our current expectations

and estimates of future events and trends, which

affect or may affect our businesses and operations.

Although we believe that these estimates and

forward looking statements are based upon

reasonable assumptions, they are subject to

several risks and uncertainties and are made

in light of information currently available to us.

Many important factors, in addition to the factors

described in this Annual Report on Form 10-K, may

adversely affect our results as indicated in forward

looking statements. You should read this Annual

Report on Form 10-K and the documents that we

have filed as exhibits hereto completely and with

the understanding that our actual future results

may be materially different from what we expect.

The words “believe,” “may,” “will,” “aim,” “estimate,”

“continue,” “anticipate,” “intend,” “expect,”

“plan” and similar words are intended to identify

estimates and forward looking statements.

Estimates and forward looking statements speak

only as of the date they were made, and, except

to the extent required by law, we undertake no

obligation to update or to review any estimate

and/or forward looking statement because of

new information, future events or other factors.

Estimates and forward looking statements involve

risks and uncertainties and are not guarantees

of future performance. As a result of the risks

and uncertainties described in this Annual Report

on Form 10-K, the estimates and forward looking

statements discussed in this Annual Report

on Form 10-K might not occur and our future

results and our performance may differ materially

from those expressed in these forward looking

statements. Because of these uncertainties, you

should not place undue reliance on these forward

looking statements.

Investor Relations

John P. Wilkirson +1-713-452-2322

Chief Financial Officer

Media Relations

Lynne L. Hackedorn +1-713-579-9115

Vice President, Government

and Public Affairs

CORPORATE INFORMATION


Cobalt Center920 Memorial City Way, Suite 100Houston, Texas 77024Tel: +1 713 579 9100www.cobaltintl.com

VALUE CREATIONSUCCESSFUL EXPLORATIONSELECTIVE DEVELOPMENT

cobalt energy 2013 annual report web

Documents

cobalts lontra

orca offshore angola

deepwater gulf of mexico

appraisal angola

annual report commitment

diaman offshore gabon

gulf of mexico cameia

k2 cobalt international