Chevron has made a major oil and gas condensate discovery offshore Angola, with its latest exploration well encountering more than 2,000 feet of hydrocarbon column, boosting the company’s African exploration portfolio.
The discovery was made at the 105-4X exploration well in Block 0, operated by Chevron’s wholly owned subsidiary, Cabinda Gulf Oil Company Limited.
The well encountered more than 2,000 feet of oil and gas condensate column, including over 300 feet of net pay. Chevron described the reservoir quality as “excellent”, although it has not yet disclosed an estimate of recoverable resources or the potential production capacity.
“The early results are encouraging, and additional work will help determine the resource’s full potential and possible development opportunities,” said Kevin McLachlan, Chevron’s vice president of exploration, in the company’s official release.
The discovery strengthens Chevron’s position in the Lower Congo Basin, an established petroleum province where the company has operated for decades.
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Chevron said it will now assess whether the discovery can be developed using nearby existing facilities. A tie-back to existing infrastructure could improve the economics and accelerate development compared with building a standalone offshore project.
The discovery also builds on recent activity in Block 0. Chevron’s South N’dola Platform delivered first oil in December 2025, just over two years…
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Read Full Article by Abubakar Ibrahim at businessday.ng
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