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Chevron, Equatorial Guinea Sign Aseng Deal to Boost State Gas Participation [Yahoo! Finance]
Last chevron corporation earnings: 5/1 06:45 am
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Under the agreement, national oil company GEPetrol will increase its stake in the Chevron-operated Aseng project in Block I from 5% to 32.55%. The deal strengthens government participation while enabling further development phases under Equatorial Guinea's Extended Gas Mega Hub initiative , which aims to consolidate upstream gas production, midstream infrastructure, and downstream processing around the Punta Europa complex. Gas volumes from Aseng are expected to support multiple linked projects, including the Alen Tail development, Yoyo-Yolanda, new drilling in Chevron-operated blocks, and potential cross-border gas flows via Gulf of Guinea pipeline infrastructure. Rather than advancing a single field, the agreement is designed to unlock a broader portfolio of gas developments. A key feature of the HoA is the securing of long-term gas supply to Punta Europa, home to Equatorial Guinea's LNG and gas processing facilities. This is expected to improve infrastructure utilization, redu
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- Chevron, Equatorial Guinea boost GEPetrol stake in Aseng gas project [Yahoo! Finance][Yahoo! Finance]
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