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Sonangol E.P.

First Syn-rift Discovery Announced in the Deepwater Angola Pre-salt

Cobalt International Energy, Inc. ("Cobalt") (NYSE:CIE) in partnership with the National Concessionaire Sonangol and the Block 21 partners announces the first discovery in the Syn-rift interval in the Bicuar #1A Pre-salt deepwater exploratory well offshore Angola. The well was successfully drilled to a measured depth of 5,739 meters and encountered approximately 56 meters (180 feet) of net pay from multiple Pre-salt intervals.

VAALCO Energy Announces Clearance To Proceed With Drilling Program Offshore Angola

VAALCO Energy, Inc. (NYSE: EGY) today announced that the Company has received written confirmation from The Ministry of Petroleum of Angola that the available 40% working interest in Block 5, offshore Angola, has been assigned to Sonangol E.P., the National Concessionaire.  The Ministry of Petroleum also confirmed that Sonangol E.P. will assign the aforementioned participating interest to its exploration and production affiliate, Sonangol P&P.

Marathon Oil Announces $1.5 Billion Sale of Interest in Angola Block 31

Marathon Oil Corporation (NYSE: MRO) today announced that its subsidiary, Marathon International Oil Angola Block 31 Limited, has entered into a definitive agreement to sell its 10 percent working interest in the Production Sharing Contract and Joint Operating Agreement in Block 31 offshore Angol

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