Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) today announced the appointment of Gregory S. Sills as Executive Vice President and Chief Development Officer with accountability for the planning and execution of Cobalt’s worldwide projects. This appointment is effective January 27, 2014. Mr. Sills brings to Cobalt more than 34 years of industry experience in global Upstream project management. Mr. Sills will have an integral leadership role in Cobalt’s growth from an exploration focus to an exploration and production focus, with world class project execution leading to sustainable production and cash flow. His initial areas of emphasis will include leading the development and execution to first production of Cobalt’s prolific Cameia field in Block 21 offshore Angola, as well as the conceptual design, appraisal and planning efforts associated with Cobalt’s significant Lontra Pre-salt oil discovery in Block 20 offshore Angola. In addition he will assume responsibility for Cobalt’s ongoing preliminary development planning for our previously announced North Platte discovery in the deepwater Gulf of Mexico. Mr. Sills’ extensive project experience includes serving as Project Manager for some of the industry’s pre-eminent projects including the Atlantis project in the deepwater Gulf of Mexico and the expansion of the world’s largest processing plant in Prudhoe Bay, Alaska. The Atlantis project is recognized as one of industry’s largest, most challenging, and most successful deepwater development projects. “Greg’s vast project experience is a perfect fit at this time for Cobalt. Our unprecedented exploration success over the past few years has provided us with a very deep inventory of viable projects. Greg’s leadership will be vital as we move these projects to initial production later in this decade”, said Joseph H. Bryant, Cobalt’s Chairman and Chief Executive Officer. “In particular, his specific experience delivering large complex projects on time and on budget is among the best in the industry.”
Mr. Sills will be based in Cobalt’s Houston headquarters.About Cobalt Cobalt is an independent exploration and production company focusing on the deepwater U.S. Gulf of Mexico and offshore Angola and Gabon. Cobalt was formed in 2005 and is headquartered in Houston, Texas. Forward-Looking Statements This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 — that is, statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address Cobalt’s expected future business and financial performance, and often contain words such as “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or other similar words. These forward-looking statements involve certain risks and uncertainties that ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. For further discussion of risks and uncertainties, individuals should refer to Cobalt’s SEC filings. Cobalt undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release, other than as required by law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.