Sonangol to Buy Cobalt's Stake in 2 Offshore Blocks
Photo: Cobalt International Energy
Angolan state oil company Sonangol said it would buy oil and gas producer Cobalt International Energy Inc's 40 percent stake in two oil blocks offshore Angola for $1.75 billion.
Cobalt operates three blocks covering 3.4 million acres off the Angolan coast.
(Reporting by Anannya Pramanick; Editing by Saumyadeb Chakrabarty)
