EW910 - Walter

Project Overview

Location: Given Walter Oil & Gas's primary focus, EW910 would likely be located in the Gulf of Mexico, possibly in an area similar to the Coelacanth Field, which is approximately 125 miles south of New Orleans.

Seismic Surveys: The project would likely involve advanced seismic data acquisition, such as 3D seismic surveys, to identify potential hydrocarbon reservoirs. This is consistent with Walter's use of seismic data in projects like the Coelacanth Field.
Exploratory Wells: An exploratory well would be drilled to test the identified anomalies. This well would be critical in determining the presence and extent of hydrocarbon reserves.

Drilling Operations: Walter would use appropriate drilling rigs, such as a semisubmersible or a fixed-leg platform rig, depending on the water depth and geological conditions. For deeper waters, a semisubmersible rig might be used initially, followed by a lower-cost platform rig for development drilling.
Well Targets: The wells would target specific reservoirs identified through seismic data, such as the Miocene Sand oil reservoirs encountered in the Coelacanth Field.

Platform Design: Depending on the water depth and production requirements, the project might involve a fixed-leg platform or a subsea development tied back to a neighboring structure. A fixed-leg platform would allow for dry trees, which are easier to service and control.
Production Host: The platform could be designed to serve as a production host for future discoveries from other nearby leases, similar to the Coelacanth Platform.

Joint Ventures: Walter often secures funding and expertise through partnerships and joint ventures with other industry players. This approach has been successful in past projects, such as the Coelacanth Field and other Gulf of Mexico ventures.

Advanced Technologies: Walter utilizes the latest drilling and completion technologies to make operations simpler, safer, and more cost-effective. This includes the use of seismic AVO technology and high-temperature, high-pressure well operations.
Employee Expertise: The company's employees are extensively trained and capable of operating complex wells, ensuring high standards of safety and efficiency.

Compliance: The project would need to comply with all relevant regulatory and environmental requirements, which is a standard practice for Walter Oil & Gas given their long history of operations in the Gulf of Mexico.