Azule Energy, Angola’s Leading Independent Oil and Gas Producer, Spearheads Bold Upstream Plans at African Energy Week 2024
Azule Energy, Angola’s premier independent equity oil and gas producer, is poised to revolutionize and digitize its upstream operations, aligning with the nation’s ambitious energy production targets. As a testament to its dedication to harnessing Africa’s energy potential, Azule Energy has stepped up as a Silver Sponsor for African Energy Week: Invest in African Energy 2024.
Angola sets its sights on surpassing 1.1 million barrels of oil per day (bopd) and venturing into gas monetization and value-added activities, marking a significant stride in the revitalization of its upstream sector. Azule Energy, a joint venture between Eni and bp, stands at the forefront of this rejuvenation, boasting 2 billion barrels equivalent of net resources spread across 20 licenses, with 11 under the company’s operational helm.
As a returning Silver Sponsor to African Energy Week, Azule Energy is poised to delve into Angola’s strategies for amplifying oil output and its trajectory as a prominent LNG exporter. Spearheading the New Gas Consortium (NGC), Azule Energy leads the charge in driving non-associated gas projects in Angola, targeting an annual gas production of 4 billion cubic meters.
However, Azule Energy’s commitment transcends conventional oil and gas endeavors. The company actively champions innovation and sustainability in the sector, evidenced by its pilot project for an offshore carbon capture and storage (CCS) facility on the Agogo FPSO and the inauguration of Angola’s maiden solar photovoltaic (PV) plant.
NJ Ayuk, Executive Chairman of the African Energy Chamber, underscores the pivotal role of Azule Energy in bolstering Angola’s upstream investments, operational efficiency, and environmental stewardship.
At African Energy Week, Azule Energy will delve deep into Angola’s upstream agenda and unveil its long-term investment strategy. Through active participation in panel discussions, the company will underscore the importance of balancing traditional oil and gas production with low-carbon technologies, ensuring energy security and fostering a sustainable future. Azule Energy’s engagement underscores Angola’s unwavering commitment to propelling investment in African oil and gas production.
Source: APO Group
