Azule Energy Limited is an Angola-focused upstream oil and gas company formed in 2022 as a 50:50 joint venture between bp and Eni. Headquartered in Luanda, it consolidates the shareholders’ interests across multiple offshore blocks and exploration licenses, as well as a stake in the Angola LNG project. The company’s activities span exploration, field development, and production of oil, natural gas, and condensates, primarily in deepwater and ultra-deepwater basins.
Through interests in both operated and non-operated assets, Azule Energy is a significant contributor to Angola’s hydrocarbon output and gas monetization. Its portfolio supports the supply of associated gas to LNG and domestic power markets and produces natural gas liquids and condensates that serve as feedstocks for refining and petrochemical value chains.