At African Energy Week 2023, Azule Energy will participate as a silver sponsor and a co-sponsor for the Invest in Angola Energies Spotlight session.
In a momentous advancement for Africa’s energy sector, Azule Energy – the largest independent equity producer in Angola and a joint venture between Eni and bp – will participate as a silver sponsor of the African Energy Week (AEW) 2023 conference and exhibition – taking place from October 16-20 in Cape Town. Azule Energy will also be co-sponsoring the Invest in Angola Energies Country Spotlight session, demonstrating its continuous dedication to boosting energy security and sustainability in Angola and the rest of the continent.
With the ambition to provide energy security for Angola while navigating the energy transition, Azule Energy is transforming the country’s energy landscape. The company produces 200, 000+ barrels equivalent of oil and gas, has over 800 employees, and has exploration and production activities in 20 licensed blocks – eight of which are operated by Azule Energy and four representing offshore facilities. The company’s expected net production for the period spanning 2023 to 2026 is approximately 250,000 barrels of oil per day, signaling a promising trajectory for the energy firm in Angola’s oil and gas landscape.
On the gas front, at present, gas contributes approximately 15% to the company’s equity hydrocarbon production and is extracted alongside liquids. Following separation, the gas is channeled through a network of pipelines to the Angola Liquefied Natural Gas (LNG) project, where it undergoes liquefaction for export to international markets while simultaneously meeting domestic power demands. As a bridge fuel for the ongoing energy transition and a key driver of Angola’s economic diversification, natural gas is set to gain increasing importance in Azule Energy’s production mix over the medium term.
Meanwhile, Azule Energy’s first renewable energy project, Caraculo’s photovoltaic plant, a joint venture with Sonangol, is aimed at promoting renewable energy projects in Angola. The 50 MW plant in Namibe province is being installed in phases, with the initial 25 MW already operational. The project will reduce diesel consumption for electricity generation and contribute to Angola’s energy diversification by providing power to the southern territory’s grid. It aligns with the national government’s ‘Angola Energy 2025’ plan to improve energy access for the population, showcasing Azule Energy’s commitment to sustainable and innovative energy solutions for a greener future.
Dedicated to efficiency and investments in critical infrastructure, Azule Energy has recently awarded a contract to global oil and gas company TechnipFMC to supply subsea production systems for the Block 18 Infills development offshore Angola. The contract, valued between $75 million and $250 million, encompasses the design and manufacturing of subsea trees, a manifold, subsea distribution equipment and topside controls, and further strengthens Azule Energy’s relationship with TechnipFMC following a previous contract in February for flexible pipe supply in Azule Energy’s Agogo Integrated West Hub Development. These partnerships exemplify Azule Energy’s dedication to choosing top-notch engineering firms that share a joint commitment to driving the energy transition with sustainability and efficiency in Africa’s energy sector.
“Azule Energy’s dedication to boosting energy security and sustainability in Angola and the rest of the continent is evident through its transformation of the country’s energy landscape. With a focus on natural gas and sustainable energy, Azule Energy is driving Angola’s position as a major LNG exporter, contributing significantly to the energy transition. Its commitment to efficiency, critical infrastructure investments, and strong partnerships with top-notch engineering firms showcase its role in advancing Africa’s energy sector towards a more sustainable and prosperous future,” states NJ Ayuk, the Chairman of the African Energy Chamber.
Looking ahead, AEW 2023 presents a distinctive opportunity for stakeholders involved in the energy sector to engage in conversations about upcoming developments, exchange valuable knowledge, and delve into inventive approaches. With Azule Energy’s involvement as a silver sponsor and co-sponsor of the ‘Invest in Angola Energies Spotlight’ – a platform providing crucial insight into the Angolan energy market, its major projects and future targets – the event gains added importance, bringing together influential figures to tackle the energy-related issues facing the continent.
AEW is the AEC’s interactive exhibition and networking event uniting African energy stakeholders, driving industry growth and development, and promoting Africa as the destination for African-focused events. For more information about sponsorship, attendance, and partnership opportunities, visit www.aecweek.com