Chevron Corporation (CVX) today announced the sanction of a waterflood project in the St. Malo field. This application of enabling technology is expected to increase recovery and advance Chevron’s strategy of maximizing the company’s existing resources in the Gulf of Mexico. “The St. Malo field is a world-class asset that is positioned for highly economic brownfield development,” said Steve Green, President of Chevron North America Exploration and Production.

source https://finance.yahoo.com/news/chevron-boost-production-st-malo-123000404.html?.tsrc=rss