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Houston exploration co. sells assets for $1.8B

2015-08-24 22:29:54| Oil & Gas - Topix.net

Houston-based Cobalt International Energy Inc. has sold two portions of its interests in Angola to the country's state-run oil company for $1.75 billion. The deal, effective Jan. 1, will transfer the ownership of the Cameia pre-salt oil and gas reserve in 21 block of the Kwanza Basin that Cobalt discovered in 2012 .

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