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Statoil starts producing oil from Jack-St. Malo project (US)

Norwegian hydrocarbon producer Statoil has started producing oil and gas from the Jack/St.Malo project in the US Gulf of Mexico, one of the five major offshore fields in the United States where Statoil will start production in the next few years. The total production of the two fields is expected to ramp up to 94,000 bbl/d of oil (23,000 bbl/d attributable to Statoil).

The Jack and St. Malo fields were discovered in 2004 and 2003, respectively, and are estimated to contain combined total recoverable resources of 500 mboe. Statoil has a working interest of 25% in the Jack field, with co-owners Chevron (50%) and Maersk Oil (25%). Statoil also holds a 21.5% working interest in the St. Malo field, with co-owners Chevron (51%), Petrobras (25%), ExxonMobil (1.25%) and Eni (1.25%). It also holds a 27.9% ownership interest in the host facility, with co-owners Chevron (40.6%), Petrobras (15%), ExxonMobil (10.75%), Maersk (5%), and Eni (0.75%).