NEW YORK Chevron Corp.
has successfully completed a production test on its St. Malo
oil field in the Gulf of Mexico.
Flow rates during the test
exceeded 13,000 barrels per day, according to the company. "The
jointly developed Jack and St. Malo fields are expected to
provide a major step-up in Chevrons production from 2014
and produce domestic energy for decades to come," Gary
Luquette, president of Chevron North America Exploration &
Production Co., said
A floating production unit
capable of processing 177,000 barrels per day is being
developed to serve the two fields, with total project costs
estimated at $7.5 billion, according to the company.
San Ramon, Calif.-based Chevron has a 51-percent stake in
the St. Malo field.