SAN RAMON, California – Chevron Corp. has sanctioned a waterflood project in the St. Malo field in the deepwater Gulf of Mexico.
This is the company’s first waterflood project 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.
Located about 280 mi (450 km) south of New Orleans, the St. Malo field has an estimated remaining production life of 30 years. The field lies in Walker Ridge block 678 at a water depth of 2,100 ft (640 m).
Steve Green, President of Chevron North America Exploration and Production, said: “The St. Malo field is a world-class asset that is positioned for highly economic brownfield development. With our leading technology, experienced workforce and broad portfolio, we're delivering value in the Gulf of Mexico.”
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%), Equinor Gulf of Mexico LLC (21.5%), Exxon Mobil Corp. (1.25%), and Eni Petroleum US LLC (1.25%).