Chevron Corp. has begun producing oil and natural gas at its Jack/St. Malo project in the deep water of the Gulf of Mexico, roughly 280 miles south of New Orleans.
The Jack and St. Malo fields are among the largest in the Gulf, according to Chevron. Eventually, the fields' daily production is expected to reach 94,000 barrels of crude and 21 million cubic feet of natural gas.
Over the fields' production life, estimated at 30-plus years, Chevron expects to recover the equivalent of more than 500 million barrels of oil.
“The Jack/St. Malo project delivers valuable new production and supports our plan to reach 3.1 million barrels per day by 2017,” said George Kirkland, vice chairman and executive vice president, Upstream.
The Jack and St. Malo fields lie less than 25 miles apart. The fields were co-developed with subsea completions flowing back to a single semi-submersible floating production unit located between the fields. The facility is the largest of its kind in the Gulf and has a daily production capacity of 170,000 barrels of oil and 42 million cubic feet of natural gas, with the potential for future expansion.