US-based energy giant Chevron has made the final investment decision (FID) for a gas liquefaction project off the coast of Equatorial Guinea. Noble Energy EG, a Chevron company, has commissioned Luxembourg-based Subsea7 for the subsea installation scope of the project.
Chevron has made the final investment decision on… Asing The gas liquefaction project in Equatorial Guinea, after the implementation of the relevant agreements, is awaiting final regulatory approvals.
Jim SwartzThe Chairman and Managing Director of Chevron Nigeria and Central Africa explained that the agreements and direct investment management were made possible by signing an agreement in September 2025 with the government of Equatorial Guinea, confirming the competitive financial and tax conditions to enable the project.
Swartz explained that the scope of the project includes developing the gas resources in the Aceng field through the existing midstream infrastructure and has the potential to maintain supplies of liquefied natural gas (LNG) from Equatorial Guinea to global markets until the mid-2030s.
Chevron currently operates Block O and Block I, and also owns non-operating interests in Alba PSC and the Alba plant. The company signed agreements with the government of Equatorial Guinea in 2024 to integrate the EG-06 and EG-11 exploration blocks into its portfolio in the country.
“The project also enables further investments in the Chevron-operated Block O Alen field, the cross-border Yoyo-Yolanda field, and exploration activities in blocks acquired by Chevron in 2024.” Swartz added.
Noble Energy EG has hired Subsea7 for the subsea installation scope of the Aseng gas liquefaction project, which entails connecting a single well connecting the Aseng field to the existing field Allen platform.
The scope of work covered by the contract, valued at between $150 million and $300 million, includes the transportation and installation of approximately 19 kilometers of steel production flow line and 20 kilometers of umbilical wire, along with associated subsea structures and ties at water depths of up to 800 metres.
Project management and engineering, which will begin immediately, will be managed from the Luxembourg player’s office in Paris, with additional support from teams in Lisbon and Equatorial Guinea. Offshore activities are expected to begin in 2026.
David BertinSenior Vice President of Subsea7’s Global Projects Center in the East, confirmed: “This award represents an important milestone in our ongoing global relationship with Chevron. Subsea7 has been operating in Equatorial Guinea for nearly two decades, supporting offshore construction, inspection, maintenance and repair activities.
“We look forward to continuing our collaboration with Chevron on the Aseng gas liquefaction project, and continuing to provide safe, high-quality offshore installation services in West Africa.”
The latest award comes weeks after Subsea7 Landed a contract extension With the Turkish Offshore Petroleum Technology Center (TP-OTC) for the third development phase of Turkey’s giant natural gas field.
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