Shashank V. Karve has joined Cobalt International Energy Inc. as executive vice-president in charge of development of deepwater Cameia oil field on Block 21 offshore Angola.
Cobalt plans to develop the field, which lies in 5,500 ft of water, with a floating production, storage, and offloading vessel. The company, based in Houston, operates Block 21 with a 40% working interest. State-owned Sonangol owns the remainder.