Chevron Group increases oil and natural gas production in Angola

24 September 2019

The Chevron group will increase its exploration of natural gas resources and production in Angola, the oil group’s president Mike Wieth announced on Sunday speaking after a meeting with President João Lourenço.

The President of Angola is in New York to attend the 74th Session of the United Nations General Assembly, taking place from 24 to 30 September this year.

Wieth, quoted by the Angop news agency, said he had received from the Angolan head of state a commitment to support projects carried out in various sectors by the group, which is Angola’s largest foreign oil employer.

The group, which operates in Angola through its subsidiary Cabinda Gulf Oil Company Limited, explores resources in two concessions, namely Block Zero in Cabinda and Block 14 in deep water. In 2018, its average daily production was 107,000. barrels of oil and 308 million cubic feet of natural gas.

The Chevron group also has non-operating interests in an onshore partnership, Angola LNG Limited, whose Soyo plant produces around 6.2 million tonnes of liquefied natural gas per year. (Macauhub)