Oil & Gas

Chevron said on Monday it had discovered oil and gas condensate at an exploration well in Block 0, offshore Angola, as the energy major continues efforts to boost production in sub-Saharan Africa through infrastructure-led exploration.

The well, located in Angola’s Lower Congo Basin, encountered an oil and gas condensate column of more than 600 meters in the Pinda reservoir, including over 90 meters of net pay in what Chevron described as high-quality rock. Block 0 is operated by Chevron subsidiary Cabinda Gulf Oil, which holds a 39.2% working interest, while Sonangol E&P owns 41%, TotalEnergies 10% and Azule Energy 9.8%.

Chevron, which has operated in Angola since the 1930s, said the discovery adds to its successful exploration program in sub-Saharan Africa, where it currently produces about 300,000 barrels of oil equivalent per day on a net basis. The company has interests in Block 0 and Block 14 and has expanded its regional footprint in recent months.

The company plans to evaluate whether the new discovery can be connected to nearby existing facilities, potentially lowering development costs and accelerating production. Chevron is also pursuing exploration opportunities in Angola, Nigeria, Guinea-Bissau and Equatorial Guinea, with a multi-well program planned across the region, including the Nabba-1X well offshore Namibia before the end of the year.