Azule Energy, Angola's new largest independent oil and gas producer, begins operations- Formation of joint venture, owned 50:50 by bp and Eni, complete- Combines both companies' Angolan upstream, LNG and solar businesses2 August 2022bp and Eni are pleased to confirm that Azule Energy, the new 50/50 independent joint venture combining the two companies' Angolan businesses, has been officially established.Azule Energy is now Angola's largest independent equity producer of oil and gas, holding 2 billion barrels equivalent of net resources.Bernard Looney, bp's chief executive, said: "The formation of Azule Energy is an important step for bp, Eni and Angola. Combining our Angolan businesses and drawing on both bp's and Eni's expertise, it will continue to safely and efficiently develop Angola's resilient hydrocarbon resources."Claudio Descalzi, CEO of Eni, said: "This is an important milestone for Eni."Adriano Mongini, CEO of Azule Energy, said: "I feel honoured to be the first CEO of the company."Contactsbp press office, London: +44 (0)7831 095541, bppress@bp.com[This is bp's own version of the joint press release announcing Azule Energy's launch; see also the parallel Eni-issued version of the same announcement, dated the same day on this listing page.]
Agogo FPSO reaches highest production since First Oil
Azule Energy has achieved a significant operational milestone at the Agogo FPSO, recording its highest production rate since first oil while maintaining zero routine flaring. The achievement follows the successful tie-in of Agogo early production wells, and ongoing implementation of production optimization initiatives across the asset.
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