Company Profile
Cobalt’s strategic objective is very clear: to create distinctive value for our investors by exploring for oil in the largest hydrocarbon rich plays in the deep offshore waters of the U.S. Gulf of Mexico and West Africa, with an emphasis on sub-salt and pre-salt exploration, development, and production.
Our principles are also very clear:
- Extreme focus on opportunities that play to our strengths
- Purposeful innovation that delivers the greatest value
- Trust and respect in all our relationships
- Operating in a safe, ethical, and environmentally responsible manner
Deliberate execution is the key to delivery of our strategic objectives. In only four years we have successfully:
- Acquired the confidence and sponsorship from leading, global energy-focused private equity firms
- Built management and technical teams that have been instrumental in successfully creating significant value throughout the value chain - from the seismic line to the sales meter
- Competitively differentiated ourselves through a single deepwater sub-salt/pre-salt focus, leading edge technology and an expansive proprietary data set
- Established a world-class, highly prospective and substantial resource base in regions with favorable economic profiles
- Maintained decision control through operatorship and portfolio flexibility as a result of a high working interest in most of our prospects
- Drilled two significant discoveries with our first two exploration wells in the U.S. Gulf of Mexico
- Scheduled catalytic exploration drilling events over the next 24 months to test significant prospects in both our U.S. Gulf of Mexico and West Africa inventory
Cobalt is competitively positioned to discover and produce deepwater hydrocarbon resources in our focus areas. We are executing to deliver on our promise to create distinctive value for our investors and our partners.
