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|15 Dec 17
||GoM: W&T Offshore's South Timbalier ST 224-1 in the Gulf of Mexico disappoints
JV partner Otto Energy reports that the W&T Offshore operated ST 224-1 exploration well, offshore Gulf of Mexico, has encountered water wet sands in the targeted BN sand interval. The well will be plugged and abandoned.
|14 Dec 17
||US: Cobalt International Energy files for Chapter 11 to facilitate restructuring
Cobalt International Energy, an independent exploration and production company active in the deepwater U.S. Gulf of Mexico and offshore West Africa, has announced that it and certain of its U.S. affiliates filed voluntary petitions for relief under chapter 11 of the United States Bankruptcy Code.
|14 Dec 17
||Brazil: Statoil and QGEP complete transaction on the Carcará oil discovery in Brazil
Statoil and QGEP have completed their transaction announced in July 2017, whereby Statoil has acquired QGEP’s 10% interest in the BM-S-8 block in Brazil’s Santos basin for a total consideration of USD 379 million.