Chevron Discovers Oil and Gas Offshore Angola in Block 0

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Chevron announced a new oil and gas condensate discovery in Block 0 offshore Angola. The 105-4X exploration well encountered more than 2,000 feet of hydrocarbons, including more than 300 feet of net pay in the Pinda reservoir in the Lower Congo Basin. Chevron described the reservoir quality as excellent and stated the discovery could be tied into existing production infrastructure in the country. The company has not disclosed recoverable resources or production estimates.

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