Chevron Faces Decline in Oil Production at Malongo Field but Strengthens Local Engagement
Chevron is currently producing 230,000 barrels of oil per day at the Malongo Oil Field in Cabinda province, significantly down from the 600,000 barrels produced in previous years. This was disclosed by the multinational’s operations director, Gabriel Ivaba, during a visit by Cabinda Governor Suzana de Abreu to assess the company’s operations and production status. Ivaba explained that the production decline is a natural phenomenon common in oil and gas industries. “Our industry is cyclical,