Chevron Makes Major Discovery in Angola's Lower Congo Basin

Chevron has made a significant discovery in Angola's Lower Congo Basin. The company drilled an exploration well, known as 105-4X, which found an oil and gas condensate column exceeding 2,000 feet.

The well discovered more than 300 feet of net pay in an excellent-quality reservoir. Chevron plans to assess the discovery for a potential tie-back to nearby existing facilities, providing a potentially capital-efficient route to production.

This news follows another recent milestone in the region: the South N'dola Platform, located in Block 0, delivered first oil in December 2025. Chevron operates Block 0 with a 39.2% working interest and has interests in other Angolan blocks, including deepwater Block 14.

The company's presence in Angola is part of its strategy to extend its resource base through infrastructure-led, high-impact exploration. Chevron holds a significant stake in the country's LNG production, including a 36.4% interest in Angola LNG and a 31% interest in the New Gas Consortium Project.