American energy giant Chevron has commenced seismic data acquisition operations offshore Angola, signaling a new phase in its seven-decade presence in the country and demonstrating unwavering commitment to sustained oil production extending to 2050.
Frank Cassulo, Managing Director of Chevron’s Southern Africa Strategic Business Unit, revealed that the company has already begun processing seismic data as part of an extensive exploration program. “We just started our seismic acquisition. We’re processing data and we’re ready to really find the full potential of those opportunities,” Cassulo explained. “We’re privileged to be a part of those blocks and to be able to extend our legacy here in Angola.”
The company’s operations in Angola span 70 years, primarily focused on Blocks 0 and 14 through its subsidiary, Cabinda Gulf Oil Company Limited. Cassulo emphasized that Chevron’s current strategy centers on optimizing production and ensuring long-term sustainability through cost efficiency, competitiveness, innovation, and advanced technology application to fully unlock resources.
Beyond exploration activities, Chevron continues substantial investment in Angola’s oil and gas infrastructure, with recent projects including Lifua, the Sanha Lean Gas Connector Project, and South N’Dola, all featuring significant local participation. “Fabricating modules onshore in Angola by Angolans for Angola—it’s exciting to see the continued investment,” Cassulo noted.
The company’s commitment to local partnership extends to supply chains and workforce development. In 2024 alone, Chevron spent $1.9 billion on goods and services, with an impressive 91% sourced within Angola. Cassulo highlighted Cabship, a local partnership employing over 500 people supporting field operations, as an exemplary model for building domestic capacity.
Source: energycapitalpower.com