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Chevron Signs Deal to Explore for Oil in Angola’s Ultra-Deep Waters

© Allen Dreyfus
  • Exploration marks Chevron’s first venture outside Cabinda concession area
  • Angola’s attractive fiscal terms draw Chevron’s commitment to new frontier

 

Chevron Corp has signed a contract to explore two ultra-deep water concessions in Angola, pioneering a move into the country’s uncharted Atlantic waters.

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