Africa Angola Commodities Gas

Angola: Chevron reinforces production of natural gas

The oil company Chevron is to step up the exploration of resources and natural gas in Angola, disclosed on Sunday in New York, USA, the multinational company’s president, Mike Wieth.

Mike Wieth said so to journalists in the end of an audience with the Angolan Head of State, João Lourenço – who is in New York to participate in the 74th Session of the United Nations (UN) General Assembly.

The Chevron boss said that he received from the Angolan Head of State reassurance of support to the activities and projects of the multinational company in Angola.

In Angola, Chevron is the biggest employer in terms of foreign oil companies, with 90 per cent of its manpower being Angolan nationals.

The company’s daily crude oil production in Angola is of about 107,000 barrels and 308 million cubic feet of natural gas (2018 data).

Currently, through its subsidiary firm, the Cabinda Gulf Oil Company Ltd (CABGOC), Chevron explores resources in two concession areas, namely Block Zero in Cabinda and Block 14 in deep waters.

The company also has a non-operational participations in a joint venture dubbed “Angola LNG Limited”, based in the Soyo locality of the northern Zaire Province, a project which currently produces roughly 6.2 million metric tonnes of liquefied gas.

Source: Angop

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: