Eni, BP To Invest $5 Billion in Angola as Output Drops Below 1M BPD

Eni, BP To Invest $5 Billion in Angola as Output Drops Below 1M BPD

Eni-BP joint venture Azule Energy will invest $5 billion in Angola over the next five years and drill 18 wells, with two-thirds operated by the company, according to a Reuters report on Wednesday. The spending is comparable to Azule’s outlays since the JV launched in 2022 and centers on sustaining output from core offshore assets. “Since its inception, Azule Energy has invested more than $5 billion in Angola, and during the next few years, we pl…

Azule Energy to invest $5bn in Angola's oil and gas projects

Azule Energy is set to invest an additional $5bn in oil and gas sector of Angola over the next four to five years.

Eni and BP's joint venture to invest another $5bn in Angola

Image credit: [[https://www.pexels.com/photo/fire-coming-out-an-industrial-chimney-6692312/ Ulises Castillo on Pexels]]Azule Energy, the joint venture between Italian oil and gas explorer Eni and BP, expects to invest another $5bn in Angola over the next four to five years, Eni's chief operating officer Guido Brusco told Reuters. Read more...