Cobalt pursues other projects while waiting for U.S. deepwater permits

11/14/2010 | Wall Street Journal, The

Cobalt International Energy has submitted the necessary documents to explore two deepwater Gulf of Mexico wells, CEO Joseph Bryant said, but it will take "some time" before the permitting process gains predictability. The company is also "actively pursuing" prospects to sublease a rig as it waits to resume drilling in the Gulf, Bryant added.

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