chemXplore tracks 5 projects in Angola, of which 2 are active.
1 new construction and 1 expansion.
Expected to start operating, per year; 1 of the active projects carry no start-up date yet.
Owners and developers: Azule Energy Limited (2), Sinopec (1), Sociedade Nacional de Combustíveis de Angola (Sonangol) (1)
Investors: Eni S.p.A. (2), bp (2), Equinor ASA (1), SSI Thirty-One Limited (1), Sociedade Nacional de Combustíveis de Angola (Sonangol) (1)
Contractors and licensors are recorded on all 2 of them For subscribers
Targeting: Crude oil (2), Natural gas (1)
Azule Energy awards ~$350M West Hub Tails offshore package in Angola covering EPCI of ~62 km flowlines, risers and umbilicals to tie into the Agogo FPSO.
Near‑field discovery to be fast‑tracked to production, adding 6,000 bpd; operator stakes in two nearby exploration blocks and a Benguela Basin farm‑in HoA.
Covers Blocks 8 and 22 offshore Angola; stake split 30%/50%/20 with Shell as operator; signed in Luanda and subject to government approvals and final contracts.
Portfolio concentrated into fewer countries, expected ~USD 20bn free cash flow 2026–2030; US, Brazil and Angola to drive growth; higher margins from high-grading and stepped-up exploration.
Oil and gas condensate found at Block 0’s 105-4X: >600 m column and >90 m net pay in the Pinda reservoir; potential tie-back to nearby facilities; partners hold 39.2–41% stakes.
Design and manufacture of flexible flowlines, risers and equipment to tie West Hub production into the Agogo FPSO; contract classed at $75–250M and booked in Q3 2026.
Revenue $2.76bn; net income $363m; Subsea inbound $2.5bn; cash from operations $548m and free cash flow $488m; $440m returned to shareholders.
Double-digit underlying production growth, new JV and project FIDs, entry into critical minerals, and a larger share buyback with slightly higher 2026 production guidance.
40-month T&I package for an ultra-deepwater field: ~180 km rigid pipelines, 38 km flexible flowlines, 54 km umbilicals; fabrication at Ambriz yard; water depth up to 2,000 m.
Supply of flexible flowlines and risers to link wells in ~2,000 m water to a new floating production unit; contract sized $75–250M and booked in Q2 2026.
