Energean has agreed to acquire Chevron’s 31% operated stake in Block 14 and 15.5% non-operated stake in Block 14K offshore Angola for US$260 million, plus contingent payments of up to US$250 million. This is a landmark deal. It marks Energean’s entry into West Africa, delivering on the strategic intent signalled in 2025, and a meaningful pivot beyond its East Med gas heartland. The acquired assets offer real running room across greenfield, ILX and optimisation opportunities, while Angola provides a platform for further growth. The result: a more diversified portfolio and a stronger production base.

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