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TEXACO ANNOUNCES MAJOR CO2 INJECTION PROJECT IN PERMIAN BASIN

      TEXACO ANNOUNCES MAJOR CO2 INJECTION PROJECT IN PERMIAN BASIN
    MIDLAND, Texas, Nov. 19 /PRNewswire/ -- Texaco Exploration and Production Inc. ("TEPI") today announced a $104 million CO2 (carbon dioxide) enhanced oil recovery project to be undertaken in the Mabee Field of the Permian Basin of West Texas.  The project is expected to result in a significant increase in the amount of recoverable reserves from the Mabee Field, and will add a 15-year life extension to the reservoir.
    Construction of field facilities, drilling and well work, designed by the company's CO2 Department in Midland, is well under way.  The project will create up to 225 jobs for workers during construction of the injection, gathering and recycle facilities.  The first CO2 injection is scheduled to occur in early 1992.
    "This project demonstrates Texaco's continued commitment to improving its domestic production by employing sophisticated technology to add value to existing fields," said E.L. "Bill" Johnson Jr., Midland producing division manager.  "Texaco's two-pronged exploration and production upstream approach recognizes that generating the highest level of production out of current sites is as integral to Texaco's success as is locating new fields.  Enhanced recovery investments, such as the CO2 project in the Mabee Field, are often significantly more profitable than are new discoveries, due to established infrastructures available in active production areas."
    The CO2 project will use a water alternating gas (WAG) process of injecting CO2 followed by water into a mature oil reservoir.  This process stimulates the flow of oil toward producing wells.  The three components, CO2, water and oil, are then pumped from the reservoir. Following separation, the oil is sent to market and the water and CO2 from the field are reinjected into the reservoir to continue the injection-recovery cycle.
    The Mabee Field is 100 percent owned by Texaco.  It was discovered in 1943, and primary development of the field continued until 1949, at which time there were 92 producing wells.  Various enhanced recovery programs followed, reaching complete development with approximately 650 wells.  Peak projection for the Mabee Field occurred in 1980, at a rate of 11,000 barrels per day.
    -0-                     11/19/91
    /NOTE TO EDITORS:  Color slides of graphics are available upon request/
    /CONTACT:  Charles H. Rentz of Texaco, 915-688-4774/
    (TX) CO:  Texaco Exploration and Production Inc. ST:  Texas, New York IN:  OIL SU: GK -- NY072 -- 5053 11/19/91 15:02 EST
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Publication:PR Newswire
Date:Nov 19, 1991
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