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Cabot’s key assets are in Canada, an onshore light oil production project in north west Alberta with significant growth potential, and in Italy, with both onshore and offshore permits and applications containing exploration prospects and oil and gas discoveries that require appraisal.
The Group’s strategy of production led growth is fundamental to the areas targeted and the operations conducted. The low risk redevelopment assets in Alberta provide an excellent platform for production growth and, when combined with the potentially company changing exploration and appraisal assets in Italy, give Cabot an unusually strong asset base across the whole exploration and production portfolio.
Canada – production and development
The Group has established a production base in north west Alberta, Canada, with mineral rights across 58,000 acres and extensive processing and storage facilities.
Italy – exploration and appraisal
The Group has a portfolio of exploration permits and applications which have the potential to generate high returns on investment over the medium to long term. The portfolio is focused offshore in the southern Adriatic and onshore in the Po Valley region.
Australia – exploration
The Group has a large onshore exploration permit in South Australia comprising 1.4 million acres in the Otway basin. The targeted plays are both conventional and unconventional.