Chevron Assures Continued Sub-Saharan Africa Investment After Major Angola Discovery

American oil major, Chevron has confirmed an oil and gas condensate discovery at the 105-4X exploration well in Block 0, offshore Angola.

The well is operated by wholly owned subsidiary Cabinda Gulf Oil Company Limited. 

The discovery marks the beginning of a new phase of work, says Kevin McLachlan, Chevron’s vice president of exploration.

The company said its lead teams will now determine whether it can be developed using nearby facilities as new discoveries often become more competitive when they can be tied to existing infrastructure. 

“The early results are encouraging, and additional work will help determine the resource’s full potential and possible development opportunities.” Said McLachlan.

Reliable energy begins with decisions made years before homes and businesses ever use it. Offshore Angola, Chevron believes the latest discovery could become one of those opportunities. 

The well encountered more than 2,000 feet of oil and gas condensate column. It included more than 300 feet of net pay. “I would describe it as excellent reservoir quality,” said McLachlan. 

Since its first geological survey in Angola, in 1954, Chevron has discovered and developed major oil fields—and played a crucial role in the nation’s economic growth.

Chevron targeted the Lower Congo Basin because of its proven geology and decades of experience in Angola. 

Through its subsidiaries, Chevron has operated in the country since the 1930s. It began exploration and production activities in 1954 and made its first offshore discovery in 1966. 

The discovery follows another recent milestone in the region. The South N’dola Platform, also located in Block 0, delivered first oil in December 2025. 

Chevron’s South N’dola Platform in Angola delivered first oil in December 2025. The milestone was reached just over two years after construction on the platform began.

The Angola discovery is part of a broader exploration campaign across Sub-Saharan Africa.

Chevron currently produces around 300,000 barrels of oil equivalent per day net in the region. The company has expanded its position through new acreage and recent exploration successes in Nigeria. 

McLachlan said, “Every successful well adds information, confidence and potential pathways for future growth.” Additional exploration activity is planned across the region, including Namibia, Nigeria, Guinea-Bissau and Equatorial Guinea.

“Discoveries create value when they combine resource potential with a practical path to development. The opportunity we’re evaluating in Angola reflects both, and it reinforces our confidence in the broader exploration portfolio we’re building.” McLachlan said.

As used in this news release, the term “Chevron” and such terms as “the company,” “the corporation,” “our,” “we,” “us” and “its” may refer to Chevron Corporation, one or more of its consolidated subsidiaries, or to all of them taken as a whole. All of these terms are used for convenience only and are not intended as a precise description of any of the separate companies, each of which manages its own affairs.