Chevron Reaffirms Commitment to Yoyo -Yolanda Gas Project

U.S. energy major Chevron has renewed its commitment to the Yoyo-Yolanda gas project, a cross-border offshore gas development between Equatorial Guinea and Cameroon — following new legal steps to advance joint development of the resource.

The project builds on a 2023 bilateral treaty between the two countries that opened the way for coordinated exploitation of oil and gas reserves in the Gulf of Guinea, including the Chevron-operated Yoyo and Yolanda fields, which are estimated to contain about 2.5 trillion cubic feet of natural gas.

Chevron said the development is expected to support long-term liquefied natural gas supply by leveraging existing infrastructure at the Alen and Punta Europa facilities.

The renewed commitment comes after Cameroon and Equatorial Guinea signed an agreement to combine previously separate licences into a single unit for joint development, a move aimed at accelerating project execution and improving operational efficiency across the cross-border asset.