Financial and technical strength
Chevron, through its subsidiaries, Chevron U.S. A. Inc. and Union Oil Company of California, owns 50 percent of Jack,
51 percent of St. Malo, and is the operator of both fields. Maersk
Oil Gulf of Mexico Four LLC and Statoil Gulf of Mexico LLC are
the co-owners in the Jack field, with 25 percent working interest each. The St. Malo field co-owners are Petrobras America
Inc. ( 25 percent), Statoil ( 21. 5 percent), ExxonMobil Corporation
( 1. 25 percent) and Eni Petroleum US LLC ( 1. 25 percent).
Chevron U.S. A. Inc. and Union Oil Company of California
also own 40. 6 percent of the host facility, with co-owners Statoil
( 27. 9 percent), Petrobras ( 15 percent), ExxonMobil ( 10.75 percent), Maersk Oil ( 5 percent), and Eni (0.75 percent). The combined
Jack/St. Malo investment, sanctioned in 2010, had an initial development budget of $7.5 billion.