CVX · News · 20260817N

Angola Energy Expansion

CHEVRON CORP · 2026-08-17 · Importance 34 · Surprise 42

Chevron subsidiary Cabinda Gulf Oil Company Limited confirmed an oil and gas condensate discovery at the 105-4X exploration well in Block 0, offshore Angola. The well encountered a hydrocarbon column exceeding 600 meters, including more than 90 meters of net pay in the Pinda reservoir, and Chevron will evaluate development as a tie-back to existing facilities. The discovery supports Chevron’s Sub-Saharan Africa exploration strategy, including a multi-well drilling campaign and opportunities created by Angolan reforms and tax cuts for mature-block exploration.

Key facts

• Chevron currently produces around 300,000 barrels of oil equivalent per day in Sub-Saharan Africa. source