Chevron Strikes Oil Offshore Angola in Pinda Reservoir Discovery

Chevron has made an oil and gas condensate discovery at the 105-4X exploration well in Block 0, offshore Angola. The well encountered a column of over 600 meters in the Pinda reservoir with more than 90 meters of net pay.

The discovery will be evaluated for potential development as a tie-back to existing facilities nearby. Chevron operates Block 0 through its subsidiary Cabinda Gulf Oil Company Limited, which holds a 39.2% working interest.

Chevron has expanded its exploration portfolio in Sub-Saharan Africa over the past year, with recent discoveries in Nigeria and Guinea-Bissau. The company currently produces around 300,000 barrels of oil equivalent per day net in the region.