CABGOC Secures Renewal of Block 0 Concession in Angola through 2050
06 Dezembro 2021 - 10:30AM
Business Wire
Chevron’s affiliate in Angola, Cabinda Gulf Oil Company Limited
(CABGOC) announced today the successful extension of the Block 0
concession, off the coast of Cabinda province, in Angola. The
agreement extends the concession for 20 years, through 2050. Under
the renewed agreement, CABGOC will remain the operator with a 39.2
percent interest on behalf of its partners “Sociedade Nacional De
Combustiveis De Angola – Empresa Pública (“Sonangol EP”) with a 41
percent interest, TotalEnergies EP Petroleum Angola (“Total”) with
a 10 percent interest, and Eni Angola Production B.V. (“Eni”) with
a 9.8 percent interest.
“We are pleased with the opportunity to continue to partner with
the government of Angola and our Block 0 associates to apply our
industry-leading exploration and production capabilities in Angola,
where we have had a presence for more than 60 years,” said Billy
Lacobie, managing director of Chevron’s Southern Africa Strategic
Business Unit. “We are proud to have played a significant role in
the development of the country’s oil and gas industry, and we look
forward to continuing to help provide reliable, affordable,
ever-cleaner energy that enables human progress and powers Angola
forward.”
In addition to Block 0, CABGOC operates and holds a 31 percent
interest in a production-sharing contract (PSC) for deepwater Block
14, located west of Block 0. In 2020, CABGOC’s net daily production
averaged 89,000 barrels of liquids and 340 million cubic feet of
natural gas.
Chevron also has a 36.4 percent interest in Angola LNG Limited,
which operates an onshore natural gas liquefaction plant in Soyo,
in Zaire province. The plant has the capacity to process 1.1
billion cubic feet of natural gas per day. ALNG is the world’s
first LNG plant supplied with associated gas, where the natural gas
is a byproduct of crude oil production. Feedstock for the plant
originates from multiple fields and operators.
About Chevron
Chevron is one of the world’s leading integrated energy
companies. We believe affordable, reliable and ever-cleaner energy
is essential to achieving a more prosperous and sustainable world.
Chevron produces crude oil and natural gas; manufactures
transportation fuels, lubricants, petrochemicals and additives; and
develops technologies that enhance our business and the industry.
We are focused on lowering the carbon intensity in our operations
and seeking to grow lower carbon businesses along with our
traditional business lines. More information about Chevron is
available at www.chevron.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20211206005459/en/
Renato Almeida : 226 692 600 Ext.:1370
Tlm.: 946-619-017 E-mail:
renato.almeida@chevron.com
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