Cobalt International Energy has said that the Firefox # 1 exploratory well, located in Green Canyon Block 817 will be plugged and abandoned. The exploratory well was spud on February 10, 2010.
The exploratory well was spud on February 10, 2010. Cobalt has a 30% working interest in the well, which is operated by BHP Billiton Petroleum.
The company also said that its board of directors has approved the Ligurian #2 exploratory well, which it expects to drill in 2010. It has previously approved the drilling of the North Platte #1 exploratory well.
The order of drilling operations will be dependent on when the drilling permit for Ligurian #2 is obtained relative to accepting the Ocean Monarch drilling rig from its current operator. All permits for the North Platte #1 exploratory well have been approved and obtained by the company.
Cobalt is the operator of both of these wells with a working interest of 60% in North Platte #1 and a working interest of 45% in Ligurian #2.