Former president of Unocal sets up company funded by Carlyle.

[elehhhhna]

Dec. 2, 2005, 1:55AM
Former president of Unocal sets up company


By LYNN J. COOK
Copyright 2005 Houston Chronicle

Former Unocal President Joseph Bryant has started a Houston-based exploration and production company — dubbed Cobalt International Energy — funded by $500 million from private equity partnership Carlyle/Riverstone and Goldman Sachs Capital Partners.

Bryant, who serves as Cobalt's chairman and CEO, said the company is still hashing out where to take office space — the Galleria area or Westchase — but said his vision for Cobalt is clear: "We're focused on participating in the Gulf of Mexico deep-water turnover coming up over the next three to four years and ... we want to plant our feet internationally, based on our relationships and experience."

West Africa is on the list of oil-rich regions Cobalt plans to conquer, according to Bryant, who was president of BP Angola from 1993 to 2000.
http://www.chron.com/disp/story.mpl/business/3497256.html

[Burried News]

1. The Rich get Richer and the poor get .......

religion. So they can help us get their sand out of the way of 'our' oil.