Luanda, Angola – September 3, 2025 — Chevron has signed a
preliminary agreement with Angola’s National Oil, Gas & Biofuels Agency
(ANPG) to explore for oil in offshore Block 33/24. This agreement is structured
as a Risk Services Contract (RSC) and marks a significant step in Chevron’s
ongoing commitment to deep-water exploration in Angola.
Block 33/24 is located in the Lower Congo Basin, an area
known for its rich hydrocarbon resources, and sits adjacent to highly
productive blocks such as Blocks 17 and 32. The block’s location offers
promising prospects for new discoveries that could further boost Angola’s oil
production.
The agreement, which was announced during an energy
conference in Angola, remains subject to regulatory approvals before full
exploration activities can commence.
Chevron’s engagement in this block highlights the company’s
strategic focus on expanding its offshore portfolio in Africa while supporting
Angola’s efforts to increase energy production and investment.
ANPG continues to foster partnerships with major
international oil companies through competitive contracts designed to unlock
Angola’s vast offshore potential. This latest agreement with Chevron is part of
a broader effort to stimulate exploration and production growth in the region.
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