Chevron (CVX) Inks $2B Offshore Deals in Equatorial Guinea

Chevron Corporation (CVX) , an integrated oil and gas company, in collaboration with Equatorial Guinea's state-owned oil company, GEPetrol, has finalized two significant production sharing contracts (PSCs) for offshore blocks EG-06 and EG-11. These blocks are strategically located near Block B, which hosts the prolific Zafiro field, highlighting their substantial exploration potential in Equatorial Guinea's offshore oil and gas sector.Significance of the DealThe signing of these PSCs marks a pivotal moment ...