Image: Chevron Angola operations
Angola has taken a decisive step in advancing its strategic partnership with the U.S., following a high-level meeting between Angolan Minister of Mineral Resources, Oil and Gas Diamantino Azevedo and U.S. Secretary of Energy Chris Wright in Washington, D.C. on June 11. The meeting – also attended by Angola’s Ambassador to the U.S., Agostinho Van-Dúnem – underscored the shared commitment of both nations to deepen cooperation across oil and gas, critical minerals and renewable energy development.
U.S. companies have long played a leading role in Angola’s oil and gas industry, from offshore exploration to production and infrastructure. Minister Azevedo and Secretary Wright explored opportunities to build on this foundation through new upstream projects, gas monetization, refining and critical mineral development which is vital for clean technology supply chains.
“This meeting reflects the robust and evolving partnership between Angola and the United States,” said Minister Azevedo. “We are committed to working together to achieve a balanced energy transition – one that leverages Angola’s natural resources, advances technological cooperation and contributes meaningfully to our economic transformation and development goals.”
With more than nine billion barrels of proven oil reserves and 11 trillion cubic feet of natural gas, Angola has unveiled over $60 billion in oil and gas investment prospects through its National Oil, Gas and Biofuels Agency (ANPG). These span exploration, development, gas processing, refining and midstream infrastructure. A licensing round set to launch this year will offer ten new blocks in the Kwanza and Benguela basins, while 11 additional blocks are open for direct negotiation, alongside five marginal field opportunities.
U.S. firms continue to play a foundational role in Angola’s energy landscape. Earlier this month, ExxonMobil, as a joint venture partner alongside operator TotalEnergies, secured an extension of the PSC for Block 17, enabling continued deepwater exploration and development in this prolific basin and underscoring its long-term commitment to Angola’s offshore sector. Meanwhile, ExxonMobil is advancing the redevelopment of Block 15 – where over 2.6 billion barrels have already been produced – with an 18-well program extending the block’s life by more than two decades and yielding two new discoveries. The company is also undertaking prospective studies on Blocks 17/06 and 32/21, in collaboration with TotalEnergies and ANPG, aiming to identify future drilling targets.
Chevron, through its affiliate Cabinda Gulf Oil Company, is leading Angola’s gas development efforts. The company has ramped up gas supply to 600 MMcfd to the Angola LNG plant and achieved first gas earlier this year from its Sanha Lean Gas Connection Project, which will supply both the Soyo power plants and Angola LNG. Angola LNG – one of sub-Saharan Africa’s few operational LNG export terminals – offers a strategic entry point for U.S. firms into global LNG supply chains. As part of the New Gas Consortium, Chevron is also developing Angola’s first non-associated gas project, set to come online in late 2025 or early 2026.
