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Publish Date: Tue, 03 Sep 2024, 12:58 PM
Sept 3 (Reuters) - Chevron (CVX.N) , opens new tab said on Tuesday it had started water injection operations at the company's projects, Jack/St. Malo and Tahiti off the U.S. Gulf of Mexico, to boost oil and natural gas recovery.
Since the fields started production in 2014, Jack/St. Malo have cumulatively produced almost 400 million gross barrels of oil equivalent (boe), the company said in a release.
"Delivery of these two projects maximizes returns from our existing resource base and contributes toward growing our production to 300,000 net barrels of oil equivalent per day (boepd) in the U.S. Gulf of Mexico by 2026," said Bruce Niemeyer, president of Chevron Americas' Exploration & Production.
The water injections would add nearly 175 million boe to St. Malo field's gross ultimate recovery, the company said, while studying ways to further increase recovery from the Tahiti and Jack/St. Malo facilities.
Chevron is the operator of the St. Malo field and holds a 51% working interest, while also being the operator of the Tahiti facility with a 58% working interest.
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https://www.reuters.com/markets/commodities/chevron-starts-operations-boost-output-gulf-mexico-2024-09-03/