Chevron Corp. subsidiary Cabinda Gulf Oil Co. Ltd. (CABGOC) will evaluate a recently confirmed oil and gas condensate discovery in Block 0 offshore Angola for a potential tie-back to existing Chevron infrastructure, offering a potentially capital-efficient path to production, <a href="https://chevroncorp.gcs-web.com/news-releases/news-release-details/chevron-advances-its-strategic-<a href="https://absafricatv.com/south-africa-blocks-shells-wild-coast-exploration-plans/” title=”South Africa Blocks Shell's Wild Coast Exploration Plans”>exploration-program-discovery” rel=”nofollow noopener” target=”_blank”>the company said in a release Aug. 17.
CABGOC secures renewal of Block 0 concession in Angola
Chevron’s Cabinda Gulf Oil starts Sanha Lean Gas Connection
The 105-4X exploration well, drilled in the Lower Congo Basin, encountered an oil and gas condensate column exceeding 600 m (2,000 ft) in the Pinda reservoir, including more than 90 m (300 ft) of net pay in what Chevron described as excellent-quality reservoir rock.
“By combining high-impact exploration with infrastructure-led opportunities close to existing facilities, we are growing our re delivering, as well as our continued confidence in Angola’s reexploration
CABGOC operates Block 0, a concession adjacent to the Cabinda province coastline, with a 39.2% working interest. Partners are Sonangol E&P (41%), TotalEnergies (10%), and Azule Energy (9.8%).
The discovery aligns with Chevron’s broader Sub-Saharan Africa exploration strategy, which combines high-impact frontier prospects with near-field opportunities that can leverage existing infrastructure. Chevron currently produces about 300,000 boe/d net across the region.
During the past year, the company expanded its position in several African basins. In Nigeria, Chevron farmed into offshore blocks PPL2000 and PPL2001 and was awarded deepwater block PPL2010 in the latest bid round. The company also continues appraisal and follow-up exploration work after near-field discoveries at Meji NW-1, South Delta AA, and Awodi-07.
Elsewhere, Chevron added acreage in emerging plays, closing a deal Aug. 13 for three blocks in Guinea-Bissau, including Block 4B, and securing five reconnaissance licenses in Equatorial Guinea. In Angola, ongoing exploration activities include Blocks 49 and 50, Block 33, and Block 14/23.
Chevron to advance Yoyo-Yolanda natural gas project offshore Africa
Chevron produces first oil at new platform offshore Angola
Chevron plans to continue the strategy through a multi-well drilling campaign across the region, including the Nabba-1X exploration well on Namibia’s PEL90 before yearend.
