Chevron Corp, the second largest US energy company, plans to boost production from an oil field shared between Saudi Arabia and Kuwait by up to 600,000 barrels a day once a new method for injecting steam is applied.
Chevron is helping to develop the Wafra field that lies in the so-called Neutral Zone shared between the two countries. The field contains three productive reservoirs: Eocene, Burgan Al Wara and Al Ratawi.
In an interview in Riyadh today, Gary Greaser, an assistant to the Chevron president, said: “We can produce between 300,000 and 600,000 barrels per day” from the Eocene reservoir.
He added: “Various production designs are still under evaluation.”
Chevron began injecting steam into the field in June 2009 to force more crude out of it.
The San Ramon, California based company is still testing the steam flooding technology on a small part of the Wafra field and a decision to apply the technology to the entire field will be made sometime in 2013, Greaser said.
The cost of the pilot project is $340 million and to apply the technology to the entire field would cost several billions of dollars, he added.
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