Luanda – The US oil company Chevron expressed its interest in continuing to explore additional opportunities to optimise the energy sector in Angola.
The intention was expressed by the company's Chairman of the Board, Mike Wirth, in statements to the press after an audience with the Angolan Head of State, João Lourenço, with whom he spoke about the various projects that Chevron has for Angola's economic development.
Mike Wirth, who was accompanied by several members of the company, said that the moment was one of enthusiasm, given that on the 24th of this month Chevron will celebrate 70 years of operations in Angola in the field of oil and gas exploration.
‘This milestone demonstrates Chevron and Angola's commitment to continuing to identify opportunities through collaboration and partnership,’ he said.
He pointed out that with its partners, the company was currently producing 250,000 barrels of oil a day and 250 cubic feet of gas.
He also emphasised the fact that the company was one of the first US companies to operate in the country and will continue to work to ensure that energy is accessible, reliable and increasingly clean, safely, contributing to the country's economic development.
Cabinda Gulf Oil Company Limited (CABGOC), a subsidiary of Chevron, operates and holds a 39.2 per cent stake in Block 0, a concession adjacent to the coast of Cabinda, and a 31 per cent stake in a production sharing contract in deepwater Blocks 14 and 14/23, located west of Block 0.
With 36.4 per cent, CABGOC is also the largest shareholder in the Angola LNG (Liquefied Natural Gas) project in Soyo and a 31 per cent shareholder in the New Gas Consortium, operated by Azule Energy.
In addition to oil, Chevron has participated in natural gas projects. This includes the production of gas associated with its oil fields and its involvement in the Angola LNG (liquefied natural gas) project, which aims to capture and process natural gas from various fields for export.
Founded in 1879 as Pacific Coast Oil Co., it has grown significantly over time, consolidating itself as a giant in the energy sector.
It operates in more than 180 countries in activities that include oil and gas exploration, production, refining, transport and marketing. AFL/ART/DAN/DOJ
