Chevron Backs Cross-Border Gas Development as Cameroon, Equatorial Guinea Seal Yoyo-Yolanda Deal
Chevron has reaffirmed its commitment to advancing the Yoyo-Yolanda gas project following the signing of a unitization agreement between the Republic of Equatorial Guinea and the Republic of Cameroon.
The agreement, signed on February 3, 2026, allows Noble Energy EG Ltd. and Noble Energy Cameroon Ltd.—both Chevron subsidiaries—to proceed with the development of the cross-border offshore gas field jointly owned by the two countries.
Chairman and Managing Director of Chevron Nigeria and the Mid-Africa Region, Jim Swartz, described the Yoyo-Yolanda field as a strategic gas asset spanning the maritime boundary of Equatorial Guinea and Cameroon. He noted that the field is estimated to hold about 2.5 trillion cubic feet of gas in place.
According to Swartz, the project aligns with Chevron’s long-term strategy to support global liquefied natural gas (LNG) supply while maximising the use of existing facilities at Alen and Punta Europa.
“The Yoyo Yolanda project is central to Chevron’s strategy of supporting long term Liquefied Natural Gas (LNG) supply and leveraging existing infrastructure at Alen and Punta Europa,” Swartz stated.
He explained that the newly signed unitization agreement provides the legal and operational framework required for Chevron and its partners to move forward with the project’s development.
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The milestone follows an earlier bilateral treaty signed by Equatorial Guinea and Cameroon on March 18, 2023. The treaty established cooperation between the two nations for the joint exploration and development of hydrocarbon resources located along their shared maritime boundary in the Gulf of Guinea, including the Chevron-operated Yoyo and Yolanda fields.
The latest agreement is expected to strengthen regional energy collaboration while unlocking additional gas resources to support domestic and international energy demand.
