Chevron has announced a new oil and gas condensate discovery offshore Angola, adding to its growing exploration momentum across Sub-Saharan Africa.
The discovery was made by Chevron subsidiary Cabinda Gulf Oil Company Limited (CABGOC) at the 105-4X exploration well in Block 0, where the well encountered a hydrocarbon column of more than 600 metres in the Pinda reservoir, including over 90 metres of net pay.
The find is particularly promising because of its proximity to Chevron’s existing offshore infrastructure. The company is assessing a potential tie-back development, which could help reduce costs and accelerate production compared with a standalone project.
Chevron operates Block 0 with a 39.2% working interest alongside Sonangol E&P, TotalEnergies and Azule Energy. The discovery adds to Chevron’s wider exploration campaign across Angola and other Sub-Saharan African markets, including Namibia, Nigeria, Guinea-Bissau and Equatorial Guinea.
With around 300,000 boe/d of net production in the region, Chevron is continuing to target new resources while leveraging existing infrastructure to support potentially lower-cost developments.
Note by. Alessandro Bazzoni