Address
Cal Dive International
Corporate Headquarters
400 N. Sam Houston Parkway E.
Suite 400
Houston
http://www.caldive.com
Telephone
(281) 618 0400
Fax
(281) 618 0501
Email
CDI@caldive.com
Description
Energy Resource Technology Inc., (ERT) is a wholly owned subsidiary of Cal Dive International. ERT has the ability to equity partner with other producers in order to develop upside in the form of lease exploitation by minimizing or eliminating partner abandonment liability exposure or by reducing cash requirements for development construction. Other significant future growth opportunities exist in ERT's ability to escalate its industry acquisition portfolio with a mix of "core" and mature properties. This allows ERT to capitalize on established relationships with CDI financial equity partners and industry alliances while continuing to develop regional "shelf" positions optimizing operating costs and exploitation upsides.