Oil block in Angola undergoes evaluation of commercial potential

25 June 2019

A protocol of cooperation for the study and technical evaluation of Block 34, located in the Lower Congo Basin in Angola, was signed on Monday by the National Agency for Oil, Gas and Biofuels, Cabinda Gulf Oil Company Limited and Sonangol.

Under this protocol, the parties undertake to jointly evaluate geological, geophysical, petrophysical and other data, as well as various technical information, with a view to the future exploration of this Angolan oil asset.

Paulino Jerónimo, chairman of the board of the National Oil, Gas and Biofuels Agency, stressed that the document demonstrates the strong partnership between Angola and Chevron.

He also said that the signing of the document involving the former oil concessionaire Sonangol is a commitment to work together to better understand the country’s exploration potential. (Macauhub)