The oil and gas company “Chevron” has discovered significant oil and gas condensate reserves in Angola.
Sea-news.az reports citing Reuters, that this was stated in an announcement by the US company.
The company is considering the possibility of connecting the discovered field to existing infrastructure, which will accelerate its development and reduce costs. Operating as the operator of Block 0 with a 39.2% stake is “Chevron’s” subsidiary, “Cabinda Gulf Oil Company.”
Other participants in the project include Angola’s state-owned company “Sonangol” with a 41% stake, “TotalEnergies” with 10%, and “Azule Energy” with 9.8%.
