Africa-Press – Angola. The National Oil, Gas and Biofuels Agency (ANPG) and Azule Energy signed, this Wednesday, risk service contracts (“Contracts”) for offshore Blocks 46 and 47 in partnership with Equinor and Sonangol Pesquisa e Produção, SA (“Sonangol P&P”), and for Block 18/15 in partnership with Sonangol P&P.
The contracts resulting from direct negotiations represent positive development for exploration activities in the Lower Congo Basin in Angola.
Azule Energy is the operator of the three blocks, with a 40% participating interest in Blocks 46 and 47 and 80% in Block 18/15. Sonangol P&P holds a 20% participating interest in each block and Equinor holds a 40% participating interest in blocks 46 and 47.
The three licenses cover an area of approximately 8,700 square kilometers in the deep and ultra-deep waters off the Angolan coast.
For Azule Energy, following the execution of the Block 31/21 Production Sharing Contract in August 2023, this is the second grant of licenses for exploratory blocks in which Azule Energy is involved since the establishment of the Joint Venture between bp and ENI in August 2022.
“We continue our mission as a strategic partner and to be the largest oil and gas producer in Angola. Blocks 46 and 47 have never been explored before and represent a new frontier exploration area that could be a catalyst of opportunities for our company and for the country’s energy sector”, said the chairman of the board of directors of Azule Energy, Adriano Mongini.
The person in charge said that exploration in Block 18/15 also has a lot of potential, the opportunity to take advantage of synergies with the production facilities already existing in Block 18. “Azule Energy has a very strong history in exploration and a good business relationship both with Equinor and with Sonangol. Together, we are truly committed to leveraging our knowledge of the basin and finding significant resources in these new licenses”, concluded Adriano Mongini.
Azule Energy is an international energy company based in Angola. With a daily production of approximately 220,000 barrels of oil and gas and more than 2 billion barrels of resources, Azule Energy supports Angola in the development of its energy sector and its transition to cleaner sources. Azule Energy’s portfolio includes more than 20 oil and gas licenses, of which it is the operator of 8.
It is also the operator of the Novo Consórcio de Gás, shareholder of Angola LNG and shareholder of Solenova, a 50/50 Joint Venture with Sonangol dedicated to the development of renewable energy sources and owner of the Caráculo photovoltaic plant.
Azule Energy prioritizes sustainability, innovation and growth, believing that investment in oil and gas, together with decarbonization technologies and renewable energy, can make Angola’s energy system more resilient and reliable.
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