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Chevron Corp. announced the sanction of a waterflood project in the St. Malo field.
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 MMBOE.
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.
Partners
Chevron, through its subsidiaries, Chevron U.S.A. Inc. and Union Oil Company of California, holds a 51% WI working interest in the St. Malo field.
In additon to Chevron, the project is co-owned by MP Gulf of Mexico, LLC (25%) (owned by Murphy Oil Corporation 80% and Petrobras America Inc. 20%), Equinor Gulf of Mexico LLC (21.5%), Exxon Mobil Corporation (1.25%) and Eni Petroleum US LLC (1.25%).
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