Azule Energy is a 50/50 independent joint venture officially established on 1 August 2022, combining the bp and Eni Angolan businesses. Azule Energy is the Angola’s largest independent equity producer of oil and gas, holding 2 billion barrels of oil equivalent of net resources and growing from 220,000 to about 250,000 barrels of oil equivalent a day (boe/d) of equity production over the next 4 years. It holds stakes in 18 licenses (of which 6 are exploration blocks), a participation in the Angola LNG JV and is the Operator of the New Gas Consortium, the first non-associated gas development project in the country. Azule has also taken over Eni’s share in Solenova, a solar company jointly held with Sonangol, and the collaboration in the Luanda Refinery.
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