Chevron has announced an oil and gas discovery off the coast of Angola.

The discovery, in Block 0 adjacent to the Cabinda coastline of Angola, was drilled in 120m of water to a total vertical depth of 13,000ft, targeting the Upper Pinda formation.

The company said that the 79-3XST1 discovery well had a flow rate of 11.6 million cubic feet of natural gas and 2,550 barrels of liquid hydrocarbons a day, according to a Reuters report.

Chevron, through its local affiliate Cabinda Gulf Oil, has a 39% interest and is the operator of the Block 0 contractor group. Angolan state oil company Sonangol has a 41% stake, and affiliates of France’s Total and Italy’s Eni hold a 10% and 9.8% stake respectively.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData