Frank Cassulo, Managing Director, Southern Africa Strategic Business Unit at Chevron, shared insight into the company’s Angolan natural gas strategy in an onstage interview at the Angola Oil & Gas 2025 Conference and Exhibition this week. Outlining promising opportunities in non-associated gas development, Cassulo reaffirmed its commitment to being a pioneer in Angolan gas development.
“Chevron has been a pioneer in the gas business. We were a foundational partner in Angola LNG, taking associated gas, transferring it to Soyo and building a liquefaction facility. This opened up the potential for natural gas in Angola. We want to be a pioneer and evolve the gas business in Angola,” he stated.
Chevron has been at the forefront of Angola’s natural gas development, with projects such as the Sanha Lean Gas Connection Project and the New Gas Consortium (NGC) project enhancing feedstock for the Angola LNG facility. The Sanha Lean Gas Connection project came online in 2024 while the NGC project is on track for first production in late-2025. With Angola’s gas primarily sourced from associated projects, the NGC development represents a milestone for non-associated exploration and production.
“We are at a pivotal moment where we have an environment to unlock at the future potential of Angolan resources. We are looking both at opening up additional liquid production as well as the gas market. We are also pleased to be part of the NGC and to unlock the opportunity that the consortium has for Angola to provide reliable gas to the Angola LNG facility. There is a lot of potential – not only to be part of Block 0 – but continue advancing our priorities in Angola,” Cassulo stated.
Chevron has also been expanding its presence in Angola’s deepwater basins, signing Risk Service Contracts (RSC) for ultra-deepwater Block 49 and Block 50 in 2024. The company secured the blocks in January 2024, with the RSCs paving the way for seismic studies across the two blocks.
Cassulo said that, “We are privileged to be in three major blocks, and yesterday we partnered with Shell, bringing them back to Angola. We have shot the seismic data and are processing it, and we are excited about what may come there.”
Beyond oil and gas projects, Chevron is investing in local content initiatives, with a view to bolster skills development and unlock opportunities for local communities. Cassulo said that “In 2024, we spent $1.1 billion in terms of goods and service spending. Most of that was in Angola.”