Chevron has announced the discovery of oil and gas condensate at an exploration well in Block 0, offshore Angola, as the company expands its exploration activities in sub-Saharan Africa.
The discovery was made in Angola’s Lower Congo Basin, where the well encountered an oil and gas condensate column of more than 600 metres in the Pinda reservoir. Chevron said the find included over 90 metres of net pay in high-quality rock.
Block 0 is operated by Chevron subsidiary Cabinda Gulf Oil, which holds a 39.2% working interest. Sonangol E&P owns 41%, while TotalEnergies and Azule Energy hold 10% and 9.8%, respectively.
Chevron has operated in Angola since the 1930s and currently holds interests in Block 0, located offshore Cabinda Province, and Block 14 in deepwater.
The company said the latest discovery strengthens its exploration programme across sub-Saharan Africa, where it produces about 300,000 barrels of oil equivalent per day on a net basis.
Chevron plans to evaluate whether the new discovery can be connected to nearby existing infrastructure, a move that could lower development costs and accelerate potential production.
The discovery comes as Angola seeks to attract more investment into its mature oil blocks. In late 2024, the government introduced reforms and tax incentives aimed at encouraging exploration and making the sector more attractive to investors.
Chevron has also expanded its regional portfolio over the past year, acquiring offshore acreage in Nigeria and securing interests in Guinea-Bissau and Equatorial Guinea.
The company is continuing exploration activities in Angola and other parts of the region, with a multi-well programme planned, including the Nabba-1X well in Namibia before the end of the year.