The newly sanctioned waterflood project will advance Chevron’s strategy of maximizing its existing resources in the Gulf of Mexico. Credit: Business Wire.

American oil and gas multinational Chevron has sanctioned a waterflood project in the St. Malo field in the Gulf of Mexico (GoM) to increase its recovery.

The decision is part of the company’s strategy to maximise its existing resources in GoM. The St. Malo field is located approximately 280 miles south of New Orleans in Louisiana. It has an estimated remaining production life of 30 years.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Chevron North America Exploration and Production president Steve Green 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.”

The waterflood project is the company’s first in the deepwater Wilcox trend. It is expected to contribute an estimated recovery of more than 175MMboe (million barrels of oil equivalent).

The project comprises two new production wells, three new injector wells, as well as topsides injection equipment for the Jack/St. Malo floating production unit, enabling Chevron to extend St. Malo field life.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Chevron, through its subsidiaries, Chevron US and Union Oil Company of California, holds a 51% working interest in the St. Malo field. The remaining stake in the field is owned by MP Gulf of Mexico (25%), Equinor Gulf of Mexico (21.5%),  Exxon (1.25%) and Eni Petroleum US (1.25%).

In July 2019, Chevron Australia chose Man Energy Solutions to support the front-end engineering and design (FEED) study of a subsea compression solution for its Jansz-Io field.