News

International energy company Azule Energy is advancing a series of large-scale oil and gas projects in Angola under broader efforts of reaching 370,000 barrels per day (bpd). As the country’s largest independent equity producer of oil and gas, the company is investing heavily in both exploration and production projects, with upcoming developments consolidating the country’s position as a major African petroleum producer.

Azule Energy has joined the African Energy Week (AEW): Invest in African Energies conference – scheduled for September 29 to October 3 in Cape Town – as a Gold Partner. As the largest energy event on the continent, the conference offers a strategic platform for companies looking to advance deals and partnerships. Azule Energy’s participation reflects a broader commitment to working with partners to advance African oil and gas projects.

AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.aecweek.com for more information about this exciting event.

This year has been a major milestone for Azule Energy. The company started operations at the Agogo FPSO in Block 15/06, with first oil flowing in August 2025 and first cargo launched in September 2025. The vessel joins the operational Ngoma facility to harness resources from the Agogo and Ndungu fields, with peak production estimated to reach 175,000 bpd. The addition of the Agogo FPSO represents the second phase of the Agogo Integrated West Hub Development. Azule Energy has now turned towards the third phase, comprising the disconnection of the Ngoma facility to reduce operational capital expenditure. The project is expected to increase Azule Energy’s production capacity in Angola, which currently stands at 210,000 bpd.

Beyond Agogo, the company strives to further enhance production capacity by unlocking additional barrels in Angola. In September 2025, the company signed an agreement with Angola’s upstream regulator the National Oil, Gas & Biofuels Agency for Block 31. Situated in the Lower Congo basin, Block 31 is a producing asset within the country’s ultra-deepwaters. The agreement sets out the redefinition, re-demarcation and unification of the development area boundaries, thereby consolidating them into a single development comprising four fields – Plutâo, Saturno, Vênus and Marte. With the agreement, the license has also been extended to 2032.

On the exploration front, Azule Energy has a clear strategy: to unlock additional reserves at producing assets while identifying and developing new deposits in frontier basins. To this effect, the company has identified several opportunities for incremental production, with plans to drill on Block 15/06 in 2026. The move follows the implementation of an Incremental Production Decree in Angola in 2024, offering improved fiscals for operators seeking to reinvest in producing assets. On the frontier side, the company plans to spud a well at Block 47. No exploration activities have been conducted at the block to date.

The company also made a gas discovery at the Gajajeira-01 exploration well at Block 1/14 in 2025. Situated in the Lower Congo basin, initial estimates at the well show the potential for one trillion cubic feet of gas resources, with up to 100 million barrels of associated condensate. The discovery comes as Azule Energy continues to advance Angola’s first non-associated gas development. Spearheaded by the New Gas Consortium – of which Azule Energy is operator – the project will harness gas resources from the Quiluma & Maboqueiro shallow water fields, with an onshore facility processing gas and distributing it to the Angola LNG plant. On track for first production in 2025, the project is expected to unlock a wave of economic opportunities in Angola.

“Azule Energy’s multi-faceted energy strategy in Angola has already begun to yield strong results. From frontier exploration to increased crude production to non-associated gas and infrastructure development, the company is setting a strong example for how international firms can advance oil and gas projects in Africa,” states Tomás Gerbasio, VP Commercial and Strategic Engagement, African Energy Chamber.