Company Overview
Azule Energy is a standalone integrated-energy joint venture owned 50:50 by bp and Eni. It was created in 2022 by combining the partners’ Angolan assets and workforces and is headquartered in Luanda. Its portfolio is centered on deepwater oil and gas in Angola, extends into natural gas and solar power, and now includes offshore exploration in Namibia.
Business and Project Capabilities
| Capability | Principal Content | Research Relevance |
|---|---|---|
| Deepwater exploration and operatorship | Exploration, development, production and operatorship across Angolan deepwater blocks | Connects resources, equity, project decisions and production |
| FPSO field development | Multi-FPSO developments, facility tie-ins, subsea systems and production organization | Enables comparisons across newbuild, conversion and existing-facility models |
| Natural-gas development | Resources supporting domestic gas supply and the LNG value chain | Tracks portfolio expansion from crude oil toward gas |
| Fast project development | Cross-block organization, FID progression and contractor-chain management | Supports tracking of execution at Greater PAJ and later projects |
| Solar and regional expansion | Solar participation in Angola and offshore exploration in Namibia | Defines the portfolio beyond conventional upstream activities |
Database-Linked Projects
| Project | Azule Role | Status | Key Scale |
|---|---|---|---|
| Greater PAJ | Operator with 26.67% in Block 31 and 50% in Block 31/21 | Post-FID execution | Approximately US$5.1 billion; 95,000 bpd; first oil targeted in H1 2029 |
| Agogo Integrated West Hub | Block 15/06 operator and 36.84% equity holder | In production | 175,000 bpd combined FPSO peak; first oil in Jul 2025 |
Principal Sources
Azule company overview; operating scale and regions; ownership and investor information.
Scale indicators use the company’s current website disclosures reviewed on 4 September 2026 and should be refreshed as official reporting changes.
Related projects and roles
-
Greater PAJ
Angola's first integrated cross-block deepwater development, targeting first oil in the first half of 2029.
OperatorOperator with a 26.67% interest in Block 31 and a 50% interest in Block 31/21.
- Scope
- Ownership and governance