SAN RAMON, California — Chevron has signed two production sharing contracts (PSCs) for the EG-06 and EG-11 blocks with Equatorial Guinea for deepwater exploration acreage, according to energy analytics firm Welligence Energy Analytics' June 21 LinkedIn post.
Chevron will operate the blocks with partner Gepetrol.
The acreage, formerly operated by Exxon Mobil, is near the Zafiro Field. Chevron already operates the Alen and Aseng fields offshore Equatorial Guinea.
Earlier this week, Chevron signed two risk service contracts for the ultradeepwater blocks 49 and 50 offshore Angola in partnership with Sonangol, Welligence reported. The acreage will be Chevron’s first operated acreage south of the Congo River and outside its core Cabinda and Block 14 areas.
"Following moves since October 2022 to acquire exploration acreage in Namibia’s Orange and Wavis Basins, Sub-Saharan deepwater is fast emerging as a key area of focus for Chevron," Welligence stated.
