Representatives from international energy companies Chevron, ExxonMobil and Afentra have joined the Angola Oil & Gas (AOG) conference to discuss exploration and production opportunities in Angola. With stakes in a variety of strategic assets – from legacy oil fields to non-associated gas, onshore blocks and frontier basins – these companies play a crucial role in driving Angola's industry objectives. The insights shared at AOG 2025 will strengthen the discussion around oil and gas development in Angola, paving the way for future collaborations and deals.
As one of the country's largest producers, ExxonMobil is making progress toward increasing production from legacy oil fields off Angola. Together with its partners, the company began production at the CLOV Phase 3 Development in Block 17 in July 2025, adding 30,000 barrels per day (bpd) to the market. This milestone follows the signing of an amended production sharing contract for Block 17, enabling continued use of existing infrastructure and technical expertise to maximize the block's value. Block 17 has four main hubs: Girassol, Dalia, Pazflor and CLOV. At AOG 2025, Richard Barke, ExxonMobil's South Atlantic Exploration Manager, will share insights into these developments.
AOG is the largest oil and gas event in Angola. Held with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Agency for Petroleum, Gas and Biofuels; the Petroleum Products Regulatory Institute; the national oil company Sonangol; and the African Energy Chamber; the event is a platform for signing agreements and advancing Angola's oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com .
With a view to increasing oil and gas production in Angola, Chevron is developing a series of offshore projects. These include the country's first non-associated gas project – led by the New Gas Consortium – which targets first production by 2026. The project incorporates the Quiluma and Maboqueiro fields and will increase feedstock for the Angola LNG plant. In the oil sector, Chevron is expanding its presence in deepwater basins, having signed risk service contracts for Blocks 49 and 50 in ultra-deep waters in the Lower Congo Basin. The agreements pave the way for seismic studies in the blocks. During AOG 2025, Chevron's General Manager, Southern Africa Strategic Business Unit, Frank Cassulo, will provide an update on these initiatives.
With stakes in offshore and onshore assets in Angola, Afentra is supporting the country's production growth through collaboration with industry players. The company has stakes in offshore blocks 3/05 and 3/05A – where it increased its stake in 2024 – as well as in Block 15 and Block 23. Onshore, Afentra's assets include Block KON 19, following the acquisition of a 45% non-operated stake in 2024. Located in prolific oil regions, these assets offer significant potential for increased production. During AOG 2025, Afentra's President, Paul McDade, and COO, Ian Cloke, will share insights on the company's growth strategy in Angola.