Companies & Finance

Total buys Cobalt’s Gulf of Mexico assets

Total has purchased several assets in the Gulf of Mexico for around $300 million as part of Cobalt International Energy’s bankruptcy auction sale.
By Staff reporter 11 April 2018 0 30384

Total has purchased several assets in the Gulf of Mexico for around $300 million as part of Cobalt International Energy’s bankruptcy auction sale, Reuters has reported.

The purchases include a 20% stake in the North Platte asset, increasing the French giant’s holding in it to 60%.