Eni, bp venture approves major offshore Angola development
(WO) — Azule Energy has reached final investment decision (FID) on the Greater PAJ project offshore Angola, advancing what the company describes as the country's first integrated cross-block development.
The deepwater project spans Blocks 31 and 31/21 and combines five offshore discoveries into a single development. Greater PAJ will develop the Palas, Astraea and Juno fields in Block 31 and the Urano and Dione fields in Block 31/21.
Operated by Azule Energy, the Angola-focused joint venture between Eni and bp, the project is expected to deliver first oil in the first half of 2029, less than three years after sanction.
The development plan includes 17 wells tied back to a new floating production, storage and offloading (FPSO) vessel with a nameplate production capacity of 95,000 bopd. The FPSO will also be capable of exporting up to 70 MMscfd of natural gas.
Associated gas produced by the development will be transported to the Angola LNG facility through a new gas export line connected to the existing Block 31 gas export network.
According to Azule, the project represents a new approach to resource development in Angola by integrating reservoirs across adjacent offshore concessions, allowing operators to optimize infrastructure and improve development efficiency.
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The project supports Angola's broader efforts to sustain offshore oil production while maximizing recovery from existing deepwater assets and infrastructure.
In addition to operator Azule Energy, project partners include Sonangol E&P and Equinor.
Azule Energy is Angola's largest independent oil and gas producer and was formed in 2022 through the combination of Eni and bp's Angolan upstream businesses.
