Chevron Strikes Oil in Angola

Chevron has announced an oil and gas condensate discovery at the 105-4X exploration well in Block 0, offshore Angola.

The well, drilled in the Lower Congo Basin, encountered a column of over 600 meters (2,000 feet) in the Pinda reservoir with more than 90 meters (300 feet) of net pay in excellent reservoir quality.

Chevron is considering assessing the discovery for potential development as a tie-back to its existing facilities nearby, which would enable a capital-efficient path to production.

This marks the third discovery announced by operators in Angola over the last three weeks and demonstrates Chevron's confidence in the country's resource potential.