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Story summary
- Chevron announced a discovery of oil and gas condensate in the 105-4X well in Block 0 offshore Angola.
- The well intersected more than 2,000 feet of hydrocarbons, including over 300 feet of net pay in the Pinda reservoir.
- Chevron said the reservoir is excellent, could be tied to existing Block 0 facilities to cut costs, and benefits from Angola’s 2024 reform and tax-cut decree.
