Azule Energy is an incorporated joint venture (IJV) between bp and Eni with each holding a 50% share has accelerated the development of offshore oil and gas resources in Angola, with a view to increasing the country’s oil production to 250,000 bpd. In July 2025, the company reached a milestone with the start of operations at the Agogo FPSO.
Agogo FPSO
The vessel – forming part of the broader Agogo Integrated West Hub Development in Block 15/06 – joins the operational Ngoma FPSO to harness resources from the Agogo and Ndungu fields and will see combined reserves of 450 million barrels and peak production projected at 175,000 bpd. The Agogo FPSO – completed in just 29 months – is the country’s first offshore facility with fully offset operational emissions.
The Agogo IWH project operated by Azule Energy in Block 15/06, with a 36.84% stake alongside partners Sonangol E&P (36.84%) and Sinopec International (26.32%), is set to add substantial production to Angola’s energy landscape. The Agogo and the Ndungu fields, combined have estimated reserves of approximately 450 million barrels, with projected peak production of 175,000 barrels per day, produced via two FPSOs (Agogo and Ngoma).
Sanctioned in February 2023, the Agogo IWH project began production in just 29 months, setting new benchmarks for the industry. This was made possible by a phased development approach, allowing for development while appraising, which helped de-risk the full field exploitation.
The milestone now reached is the result of a coordinated effort, with over 40 million man-hours executed across more than 15 countries. The project leveraged in-house competencies and a tailored organisational model, enabling the parallelisation of activities across reservoir, engineering, and procurement. The achievement not only underscores the project’s operational excellence but also establishes a new gold standard in delivering deepwater oil and gas projects at record speed, whilst maintaining constant focus on safety.
The Agogo FPSO features a pilot Carbon Capture and Utilisation/Storage (CCUS) unit to recover remaining CO2 volumes, making it a pioneer in Angola and globally with this type of pilot-scale technology. Additionally, the FPSO benefits from combined cycle power generation
Beyond Agogo, Azule Energy has been working with partners such as TotalEnergies to bring other strategic offshore projects online. These include the CLOV Phase 3 Development – of which Azule Energy has a 11.84% stake – which is situated in Block 17, 140km offshore. The project has a capacity of 30,000 bpd and comprises four wells tied back to the CLOV FPSO.
New Gas Consortium (NGC)
The NGC oeration is specifically tailored to develop and produce non-associated gas located in the offshore gas fields to supply Angola LNG plant in Soyo , thereby enhancing the nation’s gas export capability.
The NGC is operated by Azule Energy and it is an unincorporated joint venture with Sonangol P&P, Chevron and Total. The non-associated gas of the Phase 1 of the project will come from the Quiluma and Maboqueiro shallow waters field with additional potential related to gas from Blocks 2, 3 and 15/14 areas.
The first gas is expected at the start of 2026 and the project is projecting to produce more than 300 mmscfd at plateau. As of February 2025, the offshore platforms for the Q&M fields were complete, with the NGC partners targeting an early-2026 project start.
Azule Energy also made a new gas discovery at the Gajajeira-01 exploration well in Block 1/14 in July 2025. Situated in the Lower Congo basin, the discovery showed estimated reserves of upwards of one trillion cubic feet of gas and 100 million barrels of associated condensate. As the first dedicated gas exploration well in the country, Gajajeira-01 is expected to trigger a new era of gas-led exploration and development in Angola.
Solar Energy Development
Azule’s first renewable energy business project is Caraculo’s photovoltaic plant, being developed by Solenova, a 50-50% joint venture between Azule Energy and Sonangol created specifically for the promotion of renewable energy projects in Angola.
Located in the province of Namibe, the project consists of the phased installation of a 50 Megawatt (MW) photovoltaic plant; the first 25 MW phase became operational in May 2023.
Caraculo’s photovoltaic plant will contribute to the reduction of diesel consumption for the generation of electricity and will support the diversification of the energy matrix in Angola, particularly by feeding electricity to the southern territory’s grid.
The project also falls within the national government’s “Angola Energy 2025” long-term plan to provide access to basic energy services to the population.
