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Tag: Chevron’s Entry into Equatorial Guinea and Cameroon

Chevron’s Entry into Equatorial Guinea and Cameroon Could be a Turning Point for Central Africa’s Gas Industry

Chevron’s Entry into Equatorial Guinea and Cameroon Could be a Turning Point for Central Africa’s Gas Industry

AFRICA
MALABO, Equatorial Guinea, August 6, 2020/ -- The recently-announced acquisition of Noble Energy by Chevron for $13bn gives the American major an entry into Equatorial Guinea’s oil & gas sector, where Noble Energy has interests in the Alba Field (33% non-operated WI and 32% revenue interest), Block O (Alen Field 51% operated WI and 45% revenue interest) and Block I (Aseng Field, 40% operated WI and 38% revenue interest). These assets in Equatorial Guinea represent 94 million barrels of oil equivalent of proved developed reserves and 38 million barrels of oil equivalent of proved undeveloped reserves. In addition, Noble Energy was also the operator Block YoYo in Cameroon and of the deepwater Block Doujou Dak (60% WI) in Gabon, where it was in the process of evaluating recently acquired...
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