What is the Yoyo-Yolanda gas project?

The Yoyo-Yolanda project is a significant gas field development straddling the maritime border between Equatorial Guinea and Cameroon, operated by Chevron.

What is the significance of the 2023 treaty between Equatorial Guinea and Cameroon?

The 2023 bilateral treaty allows for the joint development of oil and gas reserves, including the Yoyo and Yolanda fields, in the Gulf of Guinea.

How does the Yoyo-Yolanda project fit into Chevron's strategy?

The project is central to Chevron's strategy of supporting long-term liquefied natural gas supply and leveraging existing infrastructure.

Home / Business and Economy / Chevron Renews Gas Project Commitment

Chevron Renews Gas Project Commitment

4 Feb

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Summary

Chevron reaffirms dedication to the Yoyo-Yolanda gas project.
The project spans the maritime border of Equatorial Guinea and Cameroon.
A bilateral treaty in 2023 enabled joint development of the gas fields.

U.S. oil major Chevron has reaffirmed its commitment to the significant Yoyo-Yolanda gas project. This vital energy initiative is strategically located along the maritime border shared by Equatorial Guinea and Cameroon.

In 2023, the two African nations established a bilateral treaty facilitating the joint development of oil and gas reserves within the Gulf of Guinea. This agreement specifically encompasses the Chevron-operated Yoyo and Yolanda fields, which are estimated to contain substantial reserves of 2.5 trillion cubic feet of gas.

Chevron's managing director for Nigeria and the mid-Africa region, Jim Swartz, stated that the Yoyo-Yolanda project is central to the company's strategy. This strategy involves supporting long-term liquefied natural gas supply and utilizing existing infrastructure at Alen and Punta Europa.