Cobalt International Energy, Inc. is a development stage petroleum exploration and production company headquartered in Houston, Texas.
[2] The company has reserves deepwater in the Gulf of Mexico and offshore Angola and Gabon in West Africa.
The company owns a 9.375% working interest in the Heidelberg field, approximately 140 miles south of Port Fourchon off the Louisiana coast, which is operated by Anadarko Petroleum.
[3][4] In 2012, the United States Department of Justice initiated an investigation into allegations that the company engaged in bribery in Angola, in violation of the Foreign Corrupt Practices Act.
[2] To the dismay of many, on April 10, 2018 Cobalt International Energy terminated shareholders interest in the company as part of the bankruptcy agreement.