Our Strategy
Our Strategy.
Crude and Oil Corporation’s management team have been highly successful in implementing our strategy.
We are committed to building shareholder value and ensuring the company is positioned for significant growth over the next 5 years.
We continually review our ongoing plans and their key components such as mapping, prospect generation, development, technology, production, underexplored opportunities as well as further acquisitions, which are all part of the strategy and long-term vision to become the Gulf of Mexico’s leading energy Oil Exploration Company.
We believe that successful short-term strategies build growth in the long-term. Crude and Oil Corporation’s short-term strategy is simple: to fully build the leading Oil Exploration Company in the Gulf of Mexico by increasing revenues while reducing costs. Simultaneously, but with a longer-term perspective, we continually leverage our proficiency in technology to process vast quantities of data to satisfy our appetite to explore wider terrains in pursuit of oil and gas.
As a result, Crude and Oil Corporation plans to build oil and gas reserves that can both contribute to and benefit from the world’s ever increasing demand for oil, gas and petroleum products.
The Gulf of Mexico
The Gulf of Mexico is the world’s 9th largest sea surrounded by the USA, Mexico and the island of Cuba. The basin is oval shaped, approximately 1,500 km wide, bounded on the north by the Gulf Coast of the USA, on the West and South by Mexico, and to the East, Cuba and Florida.
The Gulf of Mexico is an example of a passive margin, where the continental shelf extends far from the coast, most markedly at the Florida and Yucatán Peninsulas. The Gulf of Mexico shelf provides the perfect foundation for oil exploration and drilling by offshore platforms situated in areas such as Western Gulf and in the Bay of Campeche.
Offshore oil and gas in the Gulf of Mexico produced 25% of the USA’s oil and 14% of its natural gas and the Cantarell Oil Field is one of the most productive in the world. As technology and techniques have developed, oil companies such as Crude and Oil Corporation have extended exploration into deep waters and currently c.72% of oil production in the US Gulf of Mexico is drilled from wells at depths exceeding 300m.
Recent discoveries include the vast Ku-Maloob-Zaap oil field which was discovered in 2002. The field, which is in the Bay of Campeche, 100km from Ciudad del Carmen, is expected exceed 800,000 barrels per day and 280,000,000 cubic feet of natural gas by the end of 2011. Despite the huge discoveries in the Gulf of Mexico, with the he US Geological Survey estimates for undiscovered oil reserves in the North Cuba Basin to be 4.6 billion barrels and Crude and Oil Corporation is well positioned to discover it.
Caribbean Sea
The islands of the Caribbean Sea, which have a total population of c.40 million, are largely net energy importers. The major exception is Trinidad and Tobago, which has discovered sizable reserves of oil and gas, enabling it to become the largest supplier of Liquid Natural Gas (LNG) to the USA.
Largely underexplored, the Caribbean Sea’s best prospects are situated from Mexico in the West to Dominica to the East, with Cuba having the highest potential for significant discoveries given the geological terrain and limited exploration undertaken in the areas to the South of the island. In these environments, firms such as Crude and Oil Corporation use their knowledge to assess data to determine the areas most likely to yield significant reserves.