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Judge OKs Cobalt's $500M Pact With Sonangol For Oil Blocks

By Caroline Simson ( January 26, 2018, 6:39 PM EST) -- A Texas bankruptcy judge greenlit a deal under which Angolan state-owned oil company Sonangol EP will pay $500 million to take over Cobalt International Energy Inc. 's interests in a pair of offshore drilling blocks, resolving arbitration in which Cobalt was seeking more than $2 billion. . . .

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