The company was awarded the concessions in January 2024 by way of Presidential Decree 39/24 and 40/24.

The RSCs follow an agreement signed with Angola’s concessionaire – the National Oil, Gas & Biofuels Agency – for seismic studies across the two blocks and expands Chevron’s Angolan portfolio beyond its existing assets in the country – namely, Blocks 0 and 14.

“These concessions are CABGOC’s first operated assets outside of our existing Cabinda concession area, which demonstrates our partnership with the government of Angola and Sonangol Pesquisa & Produção in further exploring and developing the frontier acreage of Angola’s territorial waters.” William Lacobie, Managing Director of the Southern Africa Strategic Business Unit at Chevron, stated on LinkedIn