Chevron Strikes Oil and Gas Offshore Angola in Major Discovery
The company has not disclosed recoverable resources, and it is assessing whether the 105-4X well can tie back to existing Block 0 facilities.
- Chevron announced an oil and gas condensate discovery at the 105-4X exploration well in Block 0, offshore Angola. The find in the Lower Congo Basin bolsters the company's regional production efforts.
- Angola's late 2024 presidential decree introduced tax reforms and incentives aimed at spurring exploration. This discovery builds on Chevron's regional push to increase production, which stabilized at around 1.1 million barrels per day recently.
- The well encountered an oil and gas condensate column exceeding 600 meters with more than 300 feet of net pay, which Chevron described as "excellent." Partners include Sonangol , TotalEnergies , and Azule Energy .
- Chevron is evaluating whether to connect the well to existing Block 0 facilities, potentially accelerating production and avoiding a standalone development project. This tie-back approach could reduce both capital costs and development timelines.
- Planning a multi-well exploration program across Sub-Saharan Africa, Chevron intends to drill Namibia's Nabba-1X well before year-end. These investments support the company's strategy to replace declining production from legacy fields globally.
13 Articles
13 Articles
Angola Announces New Discovery of Oil and Condensed Gas in the Basin of Lower Congo Economic Journal
The Angolan oil dealership and the contractor group of Block 0 announced this Monday, August 17, the discovery of oil and condensed gas in the operating well 105-4X, in the maritime zone of the Lower Congo Basin. The National Agency of Oil, Gas and Biofuels (ANPG), Angolan oil dealership, reported in a statement that the preliminary results confirm the existence of a column of condensed oil and gas with more than 600 meters (2,000 feet) in the m…
Chevron plans to assess the possibility of connecting the deposit to a number of existing infrastructure.
Chevron reported that one of its subsidiaries found oil and gas at a location in the Lower Congo Basin, highlighting the potential of its exploration program in sub-Saharan Africa. The subsidiary, Cabinda Gulf Oil, confirmed, on Monday (17), an discovery of oil and gas condensed in the exploration well 105-4X in Block 0, on the coast of Angola. Exclusive material for subscribers. To have full access, access the link of the material and make your…
Chevron Strikes Oil and Gas Offshore Angola in Major Discovery
Chevron has announced a new oil and gas condensate discovery offshore Angola, hitting more than 2,000 feet of hydrocarbons in a Block 0 exploration well that could be tied directly into the company’s existing production infrastructure in the country. The 105-4X well encountered more than 300 feet of net pay in the Pinda reservoir in the Lower Congo Basin, with Chevron describing the reservoir quality as “excellent” in a press release. The compan…
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