Chevron’s affiliate in Angola, Cabinda Gulf Oil Co. Ltd. (CABGOC), secured renewal of the Block 0 concession off the coast of Cabinda province in Angola. The agreement extends the concession for 20 years, through 2050.
Under the renewal, CABGOC will remain operator with 39.2% interest. Partners are Sonangol EP with 41%, TotalEnergies EP Petroleum Angola with 10%, and Eni Angola Production BV with 9.8%.
In July 2020, the National Agency for Oil, Gas and Biofuels (ANPG), CABGOC and partners started production from Nsinga oil field in area A of the block. Nsinga oil field is being developed through a phased intervention, in which the first wells are drilled from an existing platform. Phase 1 consists of four directionally drilled producing wells, which will provide additional information for the design of specific development alternatives in Phase 2.
In addition to Block 0, CABGOC operates and holds 31% interest in a production-sharing contract (PSC) for deepwater Block 14 west of Block 0. In 2020, CABGOC’s net daily production averaged 89,000 bbl of liquids and 340 MMcf of natural gas.
Chevron also holds a 36.4% interest in Angola LNG Ltd., which operates an onshore natural gas liquefaction plant in Soyo, in Zaire province. The plant has the capacity to process 1.1 bcfd of natural gas. ALNG is the world’s first LNG plant supplied with associated gas, where the natural gas is a byproduct of crude oil production. Feedstock for the plant originates from multiple fields and operators.
In January 2021, CABGOC reached final investment decision for the Sanha Lean Gas Connection project (SLGC) on Block 0. The project comprises a new platform that ties into the existing Sanha condensate complex and new connecting pipelines for gathering and exporting gas from Block 0 and Block 14 to Angola LNG through the Congo River Crossing pipeline.
