Chevron takes FID on Aseng gas monetization project offshore Equatorial Guinea
(WO) - Chevron has taken final investment decision (FID) on the Aseng Gas Monetization Project offshore Equatorial Guinea, advancing development of gas resources tied to its operated assets in the country.
The project, led by Noble Energy EG Ltd., a Chevron subsidiary, will develop gas from the Aseng field using existing midstream infrastructure. The approach is designed to accelerate timelines and improve capital efficiency while supporting long-term gas supply.
Chevron said the development is expected to help sustain liquefied natural gas (LNG) exports from Equatorial Guinea into the mid-2030s, reinforcing the country’s role in global gas markets.
The FID follows agreements signed in September 2025 with the government of Equatorial Guinea establishing fiscal and commercial terms for the project. Final regulatory approvals remain pending.
In addition to the Aseng field, the project is expected to support further investment across Chevron’s regional portfolio, including the Alen field in Block O, the cross-border Yoyo-Yolanda field, and exploration activity in recently acquired blocks EG-06 and EG-11.
See also: Subsea7 wins Equatorial Guinea tieback contract for Chevron gas project
Chevron has operated in Equatorial Guinea for nearly three decades and currently holds operated interests in Blocks O and I, as well as non-operated stakes in the Alba production sharing contract and associated processing facilities.
