Cobalt International Energy (FRA:C1O1) Construction In Progress : €634.77 Mil (As of Dec. 2017)

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What is Cobalt International Energy Construction In Progress?

Cobalt International Energy's quarterly construction in progress declined from Jun. 2017 (€683.33 Mil) to Sep. 2017 (€0.00 Mil) but then increased from Sep. 2017 (€0.00 Mil) to Dec. 2017 (€634.77 Mil).

Cobalt International Energy's annual construction in progress declined from Dec. 2015 (€1,585.55 Mil) to Dec. 2016 (€793.24 Mil) and declined from Dec. 2016 (€793.24 Mil) to Dec. 2017 (€634.77 Mil).

Cobalt International Energy Construction In Progress Historical Data

The historical data trend for Cobalt International Energy's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cobalt International Energy Construction In Progress Chart

Cobalt International Energy Annual Data

Trend

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Dec17

Construction In Progress

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567.81

267.71

1,585.55

793.24

634.77

Cobalt International Energy Quarterly Data
	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17
Construction In Progress	Get a 7-Day Free Trial															793.24	-	683.33	-	634.77

Cobalt International Energy Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Cobalt International Energy (FRA:C1O1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cobalt International Energy Inc (FRA:C1O1) » Definitions » Construction In Progress

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Address

Website

http://www.cobaltintl.com

Cobalt International Energy Inc is an independent exploration and production company with operations in the Gulf regions of the United States. The company's process for maturing an exploration prospect from identification to drill-ready status requires the analysis of a multitude of geological data to locate the highest potential areas. In addition, Cobalt performs substantial drilling-related engineering work to further assist its well maturation process. If the company decides to develop or produce from a recent discovery, the asset is then beset with additional evaluations and analysis during the development life cycle.

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