Azule Energy Limited is an Angola-focused upstream oil and gas company formed in 2022 as a 50:50 joint venture between Eni and bp. Headquartered in Luanda, it consolidates the partners’ Angolan portfolios to explore, develop, and produce crude oil, natural gas, and associated liquids across a range of offshore deepwater blocks.
The company is among Angola’s largest independent producers and is a participant in the country’s LNG value chain through equity interests and long-term gas supply from operated and non-operated assets. Its portfolio spans mature producing fields as well as new gas developments aimed at expanding non-associated gas supply, improving gas monetization, and supporting domestic energy needs alongside LNG exports.
For the chemical industry, Azule Energy is relevant as a regional supplier of natural gas and condensates that serve as feedstocks for refining and petrochemical value chains in Angola and export markets.
