Angola: New hydrocarbon powerhouse fuses majors’ strengths


Issue 457 - 25 Mar 2022

Ten months after the two majors mooted their Angola-focused tie-up, Eni and BP have formalised the combination of their local assets under a 50/50 joint venture (JV) known as Azule Energy. The new entity creates Angola’s largest oil producer, with at least 200,000 boe/d of combined net output and 2bn bbls equivalent in net resources.

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