Shearman & Sterling represented Morgan Stanley, Credit Suisse, Goldman, Sachs & Co., J.P. Morgan and Citi as joint bookrunning managers and Barclays Capital, Lazard Capital Markets, Tudor, Pickering, Holt & Co., Howard Weil Incorporated and Capital One Southcoast as co-managers in connection with Cobalt International Energy, Inc.’s public offering of 35,650,000 shares of its common stock, including over-allotment shares, at a price of $14.00 per share.

Cobalt, based in Houston, is an independent, oil-focused exploration and production company with a below salt prospect inventory in the deepwater of the U.S. Gulf of Mexico and offshore Angola and Gabon in West Africa.

The following Shearman & Sterling attorneys advised the underwriters in the transaction: partners Robert Evans III (New York-Capital Markets), David Beveridge (New York-Capital Markets), Stephen Fishbein (New York-Litigation), Philip Urofsky (Washington, DC-Litigation), and Russell Sacks (New York-Financial Institutions Advisory & Financial Regulatory); of counsel Danforth Newcomb (New York-Litigation); counsel Richard Alsop (New York-Capital Markets); associates Kevin Younai (New York-Capital Markets), J.P. Sevilla (New York-Capital Markets), John Hahn (New York-Capital Markets), James Cotton (New York-Capital Markets), Michael Blankenship (New York-Financial Institutions Advisory & Financial Regulatory), Steven Blau (New York-Financial Institutions Advisory & Financial Regulatory), Anil Kalia (Menlo Park-Tax), and Eileen O’Pray (Menlo Park-Tax); and legal assistant Brian Shea (New York-Capital Markets).