US energy giant Chevron is ramping up investments in Angola’s liquefied natural gas (LNG) and deepwater oil sectors, signalling strengthened commitment to the country’s hydrocarbon expansion and economic diversification goals.
The company’s strategic push comes as it accelerates feedstock production for the Angola LNG (ALNG) plant and pursues new deepwater exploration opportunities.
Chevron, through its Angolan subsidiary Cabinda Gulf Oil Company, recently celebrated first gas production at the Sanha Lean Gas Connection project in December 2024.
The milestone marked a crucial step in boosting natural gas supplies from Block 0 to Soyo power plants and ALNG – the country’s sole LNG facility.
A second phase will increase capacity to 300 million standard cubic feet per day, ultimately doubling the plant’s current feedstock intake.
Simultaneously, Chevron is advancing Angola’s first non-associated gas development via the Quiluma and Maboqueiro fields.
Spearheaded by the New Gas Consortium – which includes Azule Energy, Sonangol E&P and TotalEnergies – the project is poised to begin production in late 2025 or early 2026.
In the oil sector, Chevron is expanding its deepwater footprint with Risk Service Contracts signed in 2024 for Blocks 49 and 50 in the Lower Congo Basin.
These ultra-deepwater prospects join Chevron’s legacy operations in Blocks 0 and 14, underscoring its sustained commitment to Angola’s upstream growth.
Industry stakeholders view Chevron’s escalating investments as a catalyst for regional energy security and a magnet for future international deals.
JN/APA