Chevron sanctions waterflood project at St. Malo field in 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 boe.
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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 boe.
The company will work with BP to drill and evaluate the Puma West prospect , while it has acquired from ExxonMobil the Hershey prospect.
The survey is in the the Salina del Istmo Basin in the Bay of Campeche and includes the recent Zama-1 discovery.
The company's CAN technology aims to reduce field development costs and help with wells in difficult seabed conditions.
Equinor’s interest in the Caesar Tonga oilfield is now 46%.
CannSeal’s technology is now available to US and Gulf of Mexico operators looking to extend the life of a mature well or re-establish well integrity.
The decision reflects a broader trend of majors embracing subsea tie-backs that offer quicker paths to first oil and attractive returns, according to Wood Mackenzie.
The project is expected to start production in late 2021 and produce up to 35 000 boe/d at peak rates.
The permitting work for the Appomattox project, which saw first oil in May 2019, helped define and clarify the safety requirements in BSEE’s recently published high pressure and high temperature related guidance documents.
The total cash consideration was US$965 million.
77.8 million acres of federal waters in the Gulf of Mexico are scheduled for sale on August 21.
The company will provide MODEC with three 34-megawatt (MW) SGT-A35 gas turbine power generation packages for an FPSO vessel.