Chevron Corp. plant to advance the Yoyo-Yolanda gas project straddling the maritime border in the Gulf of Guinea between Equatorial Guinea and Cameroon after the two countries signed a unitization agreement, the African Energy Chamber (AEC) reported.
The agreement, signed on Feb. 3, 2026, allows for joint development of cross-border fields, forming part of the broader Gas Mega Hub (GMH). The resource will be split 84% for Yoyo block (Cameroon) and 16% for Yolanda block (Equatorial Guinea).
“The Yoyo‑Yolanda project is central to Chevron’s strategy of supporting long‑term liquefied natural gas supply and leveraging existing infrastructure at Alen and Punta Europa,” said Jim Swartz, chairman and managing director Chevron Nigeria and Mid-Africa Region, AEC reported.
With Yoyo-Yolanda now unified, the focus shifts to execution. The countries expect to fast-track approvals, streamline cross-border processes, and leverage existing regional infrastructure.
Utilizing established processing and export infrastructure such as Punta Europa could lower operating costs, shorten development timelines, and accelerate gas to market.
Yoyo-Yolanda gas fields hold 2.5 tcf of natural gas reserves and are operated by Noble Energy EG Ltd. and Noble Energy Cameroon Ltd., both of which are Chevron companies.
