Gulf of Mexico Operational Insights
RIGOROUS TECHNICAL EVALUATION RESULTS IN DRILLING
SUCCESS
PROCESS
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Fii
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LEADS
Leads high graded
for review; once
approved, project
team assigned and
deadlines set
SCREENING
Cursory technical evaluation
with management and
land review with scoping
cost and business and
technical planning
TECHNICAL
EVALUATION
Full technical evaluation
with probabilistic risk
analysis, AFE costing and
economic evaluation
Track Record of Drilling Success
AFE REVIEW
Presentation to
Executive
management for
AFE approval
EXECUTE
Project turned over
to execution team
and deadlines set
Over 400
Leads evaluated
since 2011
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W&T OFFSHORE | NYSE:WTI
Success Rate
2011-2022
>90%
Rigorous Evaluation Process Has Led to >90% Success Rate Since 2011
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888
Successful offshore
wells drilled since 2011
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