Chairman and Managing Director of Chevron Nigeria Limited, Jim Swartz
Chevron has reiterated its commitment to the development of the Yoyo-Yolanda Project, as Equatorial Guinea and Cameroon signed the unitisation agreement for the project.
Noble Energy EG Limited and Noble Energy Cameroon Limited (both Chevron companies) reiterated the commitment following the signing of the agreement on Tuesday, February 3, 2026.
The Chairman and Managing Director of Chevron Nigeria and Mid-Africa Region, Jim Swartz, said the Yoyo‑Yolanda Field is a cross‑border offshore gas field shared between Equatorial Guinea and Cameroon, containing an estimated 2.5 TCF of gas in place.
Swartz said: “The Yoyo‑Yolanda project is central to Chevron’s strategy of supporting long‑term Liquefied Natural Gas (LNG) supply and leveraging existing infrastructure at Alen and Punta Europa.
“The agreement enables Chevron and its partners to continue to advance the Yoyo-Yolanda project.”
Equatorial Guinea and Cameroon had, on March 18, 2023, signed a bilateral treaty between the two countries.
The agreement paved the way for the joint development of oil and gas reserves at the two countries’ maritime border in the Gulf of Guinea, including the Chevron-operated Yoyo and Yolanda fields.
Portugal and their talisman Cristiano Ronaldo were left frustrated after being held to a 1-1…
Nigeria’s crude oil export earnings increased to $8.11 billion in the first quarter of 2026,…
The Independent National Electoral Commission has updated its official portal to reflect Dr Sadiq Umar…
MTN Group President and Chief Executive Officer, Ralph Mupita, has called for greater investment in…
Vice President Kashim Shettima has enlisted the support of the traditional rulers in Ekiti State…
Growing social media calls in Nigeria and other West African countries for the boycott of…
This website uses cookies.