ANPG and Azule Energy announce the start up of Ndungu full field

PRESS RELEASEANPG and Azule Energy Announce the Start Up of Ndungu full field, marking another major milestone in the Agogo Integrated West Hub DevelopmentLUANDA, Angola – 19 February 2026 – The National Agency for Petroleum, Gas and Biofuels (ANPG) and Azule Energy announced on 18 February, the successful achievement of Ndungu full field start-up with the first oil of 3 production wells. This is another significant milestone within the broader Agogo Integrated West Hub Project (IWH), reinforcing the company's strategy to maximize the recovery from the fields of the western area of the Block 15/06.The Agogo IWH project, in the Block 15/06, operated by Azule Energy with a 36.84% stake alongside partners Sonangol E&P (36.84%) and Sinopec International (26.32%), is set to add substantial production to Angola's energy landscape. Located approximately 10 kilometers from the NGOMA FPSO in a water depth of around 1.100 meters, the Ndungu Full Field comprises seven production wells and four injection wells, with an expected production peak of 60,000 barrels of oil per day.Ndungu full field start up is the result of a coordinated effort among all involved parties enabling the parallel execution of activities across reservoir, drilling, project and operation departments.The Initial production will be processed via a tieback to the existing West Hub subsea network and the NGOMA FPSO. This approach enables early production from Ndungu ahead of its future transition to the new AGOGO FPSO. The attainment of Ndungu full field production, just 6 months after Agogo FPSO first oil, not only underscores the project's operational excellence but also establishes a new gold standard in delivering deepwater oil and gas projects at record speed, whilst maintaining constant focus on safety."This new achievement of Agogo Integrated West Hub Project further strengthens our firm belief that we are making the right investment in the development and valorization of Angola's natural resources. It also reaffirms our commitment to continue the cooperation with Operators to exploit any production opportunity and to support the growth and empowerment of national human capital", declared the Chairman of the Board of Directors of ANPG, Paulino Jerónimo."With Ndungu full field now brought online, the Agogo Integrated West Hub continues ramping toward its full production potential. Together, Agogo and Ndungu expect to reach a peak output of approximately 175,000 barrels per day across the two fields, demonstrating Azule Energy's firm commitment to contribute to Angola's energy future." said Joseph Murphy, CEO of Azule Energy.The phased integration of Agogo Integrated West Hub Project with Ndungu full field producing first via NGOMA FPSO and, later via AGOGO FPSO will ensure sustained long-term production from Block 15/06 and contribute meaningfully to Angola's national output, in line with the country's strategic petroleum objectives.About Azule EnergyAzule Energy has a daily production above 200,000 barrels of oil. The company supports Angola in developing its energy sector and its transition to cleaner sources. Azule prioritizes sustainability, innovation, and growth, believing that investing in oil and gas, alongside decarbonization technologies and renewable energies, can make Angola's energy system more resilient and reliable. In Namibia, Azule holds a 42.5% stake in Block 2914A (PEL85) and collaborates closely with partners to explore and develop resources in the prospective Orange Basin.Azule Energy: Corporate communications | +244 923184155 | media@azule-energy.com---[Portuguese-language version included in same PDF]PRESS RELEASEANPG e Azule Energy anunciam o arranque do campo de desenvolvimento integral do Ndungu, assinalando mais um marco estratégico no Agogo Integrated West HubLUANDA, Angola – 19 de Fevereiro de 2026 – A Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) e a Azule Energy anunciam, esta Quarta-Feira, 18 de Fevereiro, arranque bem sucedido, do desenvolvimento integral do campo Ndungu, com a entrada em produção dos seus primeiros três poços. Este marco assinala mais um avanço crítico no Desenvolvimento Integrado West Hub Agogo (IWH) reforçando a estratégia conjunta de maximizar a recuperação de recursos na área oeste do Bloco 15/06.O projecto Agogo IWH, no Bloco 15/06, operado pela Azule Energy com uma participação de 36,84%, em parceria com Sonangol E&P (36,84%) e Sinopec International (26,32%), irá acrescentar capacidade relevante ao portfólio energético nacional. Situado a cerca de 10 km do FPSO Ngoma e a uma profundidade de água de aproximadamente 1.100 metros, o desenvolvimento completo Ndungu integra sete poços produtores e quatro poços injectores, com um potencial de atingir um pico de produção de 60.000 barris de petróleo por dia.[...remainder of Portuguese text matches the English version above...]Azule Energy – Corporate Communications+244 923 184 155media@azule-energy.comwww.azule-energy.com