Chevron said it is aiming to increase its U.S. Gulf of Mexico production to 300,000 net barrels of oil-equivalent per day by 2026, and two projects that recently started operations could help it get there. In September, Chevron announced that it had begun water injection at its St. Malo offshore field. This is Chevron’s first waterflood project in the deepwater Wilcox trend. The project, which was completed under budget, is expected to recover approximately 175 gross BOE. That’s in addition to the almost 400 million gross BOE produced to date from the Jack and St. Malo fields. Less than 100 miles away, Chevron’s Tahiti facility-which has produced more than 500 million gross BOE since 2009-has also expanded waterflood operations to boost production.
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