Chevron Corporation (NYSE:CVX), through its subsidiary Cabinda Gulf Oil Company Limited (CABGOC), has confirmed an oil and gas condensate discovery at the 105-4X exploration well in Angola’s offshore Block 0.
Drilled in the Lower Congo Basin, the well encountered an oil and gas condensate column measuring more than 600 metres, or 2,000 feet, within the primary Pinda reservoir. The discovery contained more than 90 metres, or 300 feet, of net pay.
Chevron said it will now evaluate the discovery for potential development, including the possibility of connecting it to nearby existing infrastructure.
Block 0 discovery could leverage existing facilities
CABGOC operates Block 0 with a 39.2% working interest. Its partners are Sonangol E&P with 41%, TotalEnergies with 10% and Azule Energy with the remaining 9.8%.
The proximity of the discovery to established facilities could provide Chevron and its partners with an infrastructure-led development opportunity, potentially allowing new resources to be brought into production through a tie-back rather than requiring an entirely standalone project.
Kevin McLachlan, Vice President of Exploration at Chevron, said: “This discovery is another important milestone for Chevron’s over 70-year history in Angola. By combining high-impact exploration with infrastructure-led opportunities close to existing facilities, we are growing our resource base, creating value, and demonstrating that our strategy is delivering, as well as our continued confidence in Angola’s resource potential.”
Chevron expands Sub-Saharan African exploration portfolio
Chevron currently produces approximately 300 thousand barrels of oil equivalent per day net across Sub-Saharan Africa and has been expanding its exploration footprint throughout the region over the past year.
In Nigeria, the company has farmed into offshore blocks PPL2000 and PPL2001 and was awarded deepwater block PPL2010 in the country’s latest licensing round. Chevron has also recorded three near-field exploration successes in Nigeria since late 2024.
The group has expanded elsewhere in West Africa, securing three blocks in Guinea-Bissau, including the newly acquired Block 4B, which closed on August 13, 2026.
Chevron has also obtained reconnaissance licences covering five blocks in Equatorial Guinea.
Further drilling planned across Angola and Namibia
In Angola, Chevron continues to pursue exploration opportunities across Blocks 49 and 50, Block 33 and Block 14/23, extending its activities beyond the latest Block 0 discovery.
The company is now preparing a multi-well exploration campaign across its wider African portfolio.
Among the planned wells is Nabba-1X on PEL90 in Namibia, which Chevron expects to drill before the end of the year.
The 105-4X discovery strengthens Chevron’s resource base in one of its longest-standing African markets while supporting its broader strategy of combining frontier exploration with opportunities located close to existing infrastructure.
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