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Chevron Sanctions Development of Deepwater Jack/St. Malo Project in the Gulf of Mexico; Initial Development Cost of ~$7.5B

Green Car Congress

Malo fields are located within 25 miles (40 km) of each other approximately 280 miles (450 km) south of New Orleans, Louisiana, in water depths of 7,000 feet (2,100 m). It will include three subsea centers tied back to a hub production facility with a capacity of 170,000 barrels of oil and 42.5 The Jack and St. Click to enlarge.

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BOEM approves first BP deepwater Gulf exploration plan to meet new standards following Deepwater Horion disaster

Green Car Congress

The US Bureau of Ocean Energy Management (BOEM) approved a supplemental Exploration Plan (EP) submitted by BP for deepwater oil and gas activities in the Gulf of Mexico. This is the first EP that BP has had approved since the 2010 Deepwater Horizon explosion and subsequent oil spill.

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Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

Green Car Congress

The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil.

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First oil from ultra-deepwater Jack/St. Malo project in US Gulf of Mexico

Green Car Congress

Chevron announced that crude oil and natural gas production has begun at the ultra-deepwater Jack/St. With a planned production life of more than 30 years, current technologies are anticipated to recover in excess of 500 million oil-equivalent barrels. Malo Oil Export Pipeline, and then onto refineries along the Gulf Coast.

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