Cobalt Int'l Energy (CIE) Evokes 'Force Majure' on Ocean Monarch Drilling Rig; Expects $15M Expenditure

Cobalt International Energy, Inc. (NYSE: CIE) today announced that it had invoked the force majeure provision under the drilling contract with Diamond Offshore Company (NYSE: DO) for the Ocean Monarch drilling rig. This rig was moored and ready to begin drilling operations at the location of our North Platte #1 exploratory well on Garden Banks...

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