Chevron Corp. said Sept. 19 it has sanctioned a waterflood project in the St. Malo Field in the U.S. Gulf of Mexico (GoM). This application of enabling technology is expected to increase recovery and advance Chevron’s strategy of maximizing the company’s existing resources in the GoM.

“The St. Malo Field is a world-class asset that is positioned for highly economic brownfield development,” said Steve Green, president of Chevron North America Exploration and Production. “With our leading technology, experienced workforce and broad portfolio, we're delivering value in the Gulf of Mexico.”

The waterflood project is Chevron’s first in the deepwater Wilcox trend and is expected to contribute an estimated ultimate recovery of more than 175 million barrels of oil equivalent. It will include two new production wells, three new injector wells and topsides injection equipment for the Jack/St. Malo floating production unit, allowing us to extend the life of the field.

Located about 280 miles south of New Orleans, the St. Malo Field has an estimated remaining production life of 30 years.

Chevron, through its subsidiaries, Chevron U.S.A. Inc. and Union Oil Company of California, holds a 51% working interest in the St. Malo Field, with co-owners MP Gulf of Mexico, LLC (25%) (owned by Murphy Oil Corp. 80% and Petrobras America Inc. 20%), Equinor Gulf of Mexico LLC (21.5%), Exxon Mobil Corp. (1.25%) and Eni Petroleum US LLC (1.25%).

 

Offshore