Chevron advances its strategic exploration program with discovery in Angola's Block 0
Chevron Corporation, through its subsidiary Cabinda Gulf Oil Company Limited (CABGOC), has confirmed an oil and gas condensate discovery at the 105-4X exploration well in Block 0, offshore Angola. Located in the prolific Lower Congo Basin, the well encountered an oil and gas condensate column exceeding 600 meters (2,000 feet) in the primary Pinda reservoir, with more than 90 meters (300 feet) of net pay and excellent reservoir quality.
The discovery will be evaluated for potential development as a tie-back to Chevron’s nearby existing facilities, providing a capital-efficient route to production.
“This discovery is another important milestone for Chevron’s over 70-year history in Angola,” said Kevin McLachlan, Vice President, Exploration, Chevron. “By combining high-impact exploration with infrastructure-led opportunities close to existing facilities, we are growing our resource base, creating value, and demonstrating that our strategy is delivering, as well as our continued confidence in Angola’s resource potential.”
Block 0 is operated by CABGOC, which holds a 39.2% working interest. The block is co-owned by Sonangol E&P, with a 41% working interest, TotalEnergies with 10%, and Azule Energy with 9.8%.
The discovery further strengthens Chevron’s successful exploration activities across Sub-Saharan Africa, where the company currently produces approximately 300,000 barrels of oil equivalent per day on a net basis. With a strong resource base and an active exploration portfolio across the region, Chevron is well positioned to maintain and expand production over the long term.
Over the past 12 months, Chevron has continued to expand its exploration portfolio in the region. In Nigeria, the company farmed into two offshore blocks, PPL2000 and PPL2001, last year and was awarded deepwater block PPL2010 in the country’s latest bid round. Since late 2024, Chevron has also recorded three near-field exploration successes at Meji NW-1, South Delta AA and Awodi-07, while continuing its exploration and appraisal activities in Nigeria.
In Guinea-Bissau, Chevron has secured three blocks, including the newly acquired Block 4B, which was finalized on August 13, 2026. In Equatorial Guinea, the company has obtained five additional reconnaissance licenses. Chevron is also advancing exploration activities in Angola across Blocks 49 and 50, Block 33, and Block 14/23.
As part of its broader exploration strategy, Chevron is preparing a high-impact, multi-well exploration campaign across the region, including the Nabba-1X well on Namibia’s PEL90, which is planned before the end of the year.
Together, these initiatives highlight Chevron’s confidence in the region’s resource potential and its disciplined strategy of pursuing high-impact frontier exploration to create long-term value.