Chevron commits to investing in the YOYO-Yolanda natural gas project spanning Cameroon and Equatorial Guinea

Glonghui, February 4th｜U.S. oil giant Chevron has reiterated its commitment to developing the Yoyo-Yolanda natural gas project, which spans the offshore border between Equatorial Guinea and Cameroon. In 2023, the two African countries signed a bilateral treaty allowing for the joint development of oil and gas resources in the Gulf of Guinea, including the Yoyo and Yolanda gas fields operated by Chevron, which are estimated to hold 2.5 trillion cubic feet of natural gas reserves. On Tuesday, Cameroon and Equatorial Guinea signed a legal contract to merge their existing independent production leases into a single unit for the joint development of the gas field.