The Houston-based operator said the wildcat and a follow-up sidetrack with the Rowan Reliance drillship failed to find any hydrocarbons.
Cobalt took an impairment hit of $149.9 million on the dry hole in its second-quarter results, which showed an increased loss, mainly due to total dry hole impairments of $157.49 million.
Additional charges related to the sidetrack will also be taken in the third quarter.
Cobalt
