Cobalt’s US Gulf Of Mexico Bankruptcy Auction Pulls In $578 Million

The largest winning bid was a $339 million joint offer by Statoil and Total for Cobalt’s 60% operated interest in the North Platte discovery.

Mexico oil and gas, Gulf of Mexico oil and gas, Sureste Basin, Southeast Basin, Sierra Oil and Gas, Talos Energy, Global Super Basins

The basin continues to gain attention following the historic Zama and Amoca discoveries in 2017, which came about 40 years after the game-changing Cantarell supergiant oil field find.

An ONGC Ltd.-led consortium is chasing hydrocarbon leads in the shallow waters of the MB-OSN-2005/1 Block, located in the Mumbai Offshore Basin near Saurashtra, after two exploration wells hit oil and gas.


The game has changed because of newer, more efficient technology.

A nodal recording unit with a unique form factor leads to improvement in coupling and vector fidelity on land seismic surveys.