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Chevron Begins Water Injection Operations to Boost Recovery in Gulf of Mexico
Slice of Energy Team
September 09, 2024
Key Highlights:
Water injection started at Chevron’s Jack/St. Malo and Tahiti facilities to boost oil and gas recovery.
First waterflood project at St. Malo expected to add 175 million barrels of oil equivalent.
Tahiti project conversion wells contribute to over 500 million barrels of cumulative production.
Chevron aims to produce 300,000 net barrels per day by 2026 in the U.S. Gulf of Mexico.
Source (Business Wire)
Notable Quote:
“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 in the U.S. Gulf of Mexico by 2026.”
Our Take:
Chevron’s strategic implementation of water injection at its Jack/St. Malo and Tahiti facilities underscores its commitment to maximizing resource recovery in the Gulf of Mexico. By leveraging advanced recovery techniques and further optimizing existing infrastructure, Chevron is positioning itself as a technological leader, all while pushing toward its ambitious production goal of 300,000 barrels per day by 2026. These efforts, combined with Chevron's focus on reducing carbon intensity, make it a formidable player in the global energy market.