Execution
Cobalt’s business model is uniquely designed to create maximum value from the asset by doing more with less while competitively accessing, discovering and producing deepwater hydrocarbon resources on a scale similar to the super majors.
It starts with our small core team – flexible, decisive and fast moving using Cobalt’s proprietary, state of the art data and proven leading-edge technology. Non-core activities are sourced to outside partners and specialty providers, leveraging relationships we have forged over many years in the industry to reduce costs and compress delivery time.
Utilizing industry best practices, standardized designs and strong project management throughout, we are able to move quickly through the E&P supply chain, maximizing value for our investors and our partners.
| Exploration | Appraisal | Development | Production / Operations |
|---|---|---|---|
| – Concentrated on two areas (Gulf of Mexico, West Africa)– Focused data acquisition
– Best team of explorers – Quantified analysis and decision making by experts |
– Accelerated integrated team based analysis– Standardized approach agreed prior to drilling of exploration well
– Operational control dictates timing – Accelerated learning via the drill bit |
– Bias toward subsea completions– Creative, repeatable solutions to maximize value
– Small project management teams – Accelerated delivery of commercial solution |
– Reduced cycle time (3 -5 years) to first production– Small operating organization
– Focus on flow assurance and optimizing recovery – Enhance value through reducing lifting costs and infrastructure optimization |
