Chevron Affiliate CABGOC Secures Renewal of Block 0 Concession in Angola through 2050

The agreement extends the concession for 20 years, through 2050.

Business Wire

Chevron’s affiliate in Angola, Cabinda Gulf Oil Co. Ltd. (CABGOC) has successfully secured an extension on Dec. 6 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 renewed agreement, CABGOC will remain the operator with a 39.2% interest on behalf of its partners “Sociedade Nacional De Combustiveis De Angola – Empresa Pública (Sonangol EP) with a 41% interest, TotalEnergies EP Petroleum Angola with a 10 % interest, and Eni Angola Production BV with a 9.8% interest.

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