Chevron is investing nearly $12 billion in its Gulf of Mexico operations as it braces for the deployment of its Big Foot and Jack St. Malo deepwater platforms in the region. The two platforms are expected to come online in the fourth quarter of 2014 and will produce about 230,000 barrels of oil per day, said Joe Gregory, Chevron's general manager of major capital projects. Chevron's Gulf push is "a significant part of [the company's] growth strategy," Gregory said.

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