ST127 - Walter

Location

The ST 127 well is located in the South Timbalier (ST) area of the Gulf of Mexico. Specifically, it is situated in block ST 127.

Water Depth

The water depth at the ST 127 location is approximately 83 feet, which is relatively shallow compared to other deepwater projects in the Gulf of Mexico.

Discovery and Drilling

In 2012, Walter Oil & Gas Corporation made a deep gas discovery at the ST 127 well. This discovery was part of Walter's broader exploration efforts using data from the TGS Sophie’s Resolve survey, which the company had purchased in 2008. The well was drilled to a significant depth, although the exact depth for this specific well is not specified in the provided sources.

Geological Context

The discovery at ST 127 is associated with a gas zone adjacent to a buried salt feature. This is consistent with Walter's strategy of targeting prospects adjacent to salt structures, which can trap hydrocarbons and form significant reservoirs.

Significance

The ST 127 discovery highlights the ongoing potential of the Gulf of Mexico as a prolific hydrocarbon province, even after over 70 years of active exploration. This finding, along with other discoveries like the Coelacanth project and the Megalodon Prospect, underscores Walter Oil & Gas Corporation's success in identifying and developing new hydrocarbon resources in the region.

Operational Context

While the ST 127 well itself is not part of a large-scale development project like the Coelacanth platform, it contributes to Walter's overall portfolio of exploration and production activities in the Gulf of Mexico. The company's approach involves leveraging advanced seismic data and drilling technologies to explore and develop deepwater and shallow-water prospects.

In summary, the ST 127 project is an important gas discovery for Walter Oil & Gas Corporation, reflecting the company's continued success in exploring and developing hydrocarbon resources in the Gulf of Mexico.