Highlights of Operations
Today, Chevron ranks among Angola's top petroleum producers, with a total daily production of 594,000 barrels of liquids in 2007 (171,000 net barrels).
We are continuing our major development program to significantly increase production of the offshore Benguela Belize–Lobito Tomboco project (BBLT). The project is expected to reach maximum daily production in late 2008 or early 2009. Also in 2008, construction began on a 5.2 million-metric-ton-per-year liquefied natural gas (LNG) plant.
The company is Angola's largest foreign oil-industry employer. According to 2005 figures, the company employs 2,500 Angolan nationals, who count for 88 percent of the total workforce, of which 72 percent are professional and supervisory positions.
Chevron has an interest in four concessions – Block 0 off the west coast of the Cabinda province, Block 14 farther west in the deep water, Block 2 offshore northwest Angola and the onshore block Fina Sonangol Texaco (FST) – as well as an onshore LNG joint venture, Angola LNG.
Updated: March 2008