A consortium led by Chevron Corp. will hike production at the St. Malo field in the Gulf of Mexico through a water injection project.
The project will boost recovery by more than 175 million barrels of oil equivalent and extend the life of the field from the initial 30 years, Chevron said in a Sept. 19 news release. It is composed of two new production wells, three new injector wells and topsides injection equipment for the Jack/St. Malo floating production unit.
In 2018, the Jack and St. Malo fields saw natural gas production of 21 million cubic feet per day and liquids production of 139,000 barrels per day.
Chevron subsidiaries Chevron U.S.A. Inc. and Union Oil Co. of California Inc. have a 51% stake in the field. MP Gulf of Mexico LLC owns a 25% interest, while Equinor Gulf of Mexico LLC has a 21.5% stake. Exxon Mobil Corp. and Eni SpA hold 1.25% each.
