KEY POINTS
• Azule Energy, backed by Eni and bp, has approved the Greater PAJ offshore oil project in Angola following a final investment decision.
• The project will combine five fields, include 17 wells, and produce up to 95,000 barrels of oil per day, with first oil expected in 2029.
• The development is expected to boost Angola’s long-term oil production while supporting energy efficiency and infrastructure integration.
Azule Energy, the joint venture backed by Eni and bp, has taken a final investment decision (FID) on the Greater PAJ Project, a large-scale offshore oil development in Angola.
The project spans Blocks 31 and 31/21 and represents a major expansion of Angola’s upstream oil sector, as well as the country’s first integrated cross-block offshore development.
The Greater PAJ Project combines five oil fields located across adjacent offshore concessions.
It is designed to improve operational efficiency and maximise the use of existing infrastructure in line with Angola’s national oil production strategy.
The development will be operated by Azule Energy in partnership with Sonangol E&P and Equinor.
Production Timeline and Capacity
First oil from the project is expected in the first half of 2029, marking a long-term addition to Angola’s crude output capacity.
The project will include 17 wells connected to a new floating production, storage and offloading (FPSO) vessel.
The FPSO will have a production capacity of about 95,000 barrels of oil per day and the ability to process 70 million standard cubic feet of gas daily.
Gas from the development will be transported to the Angola LNG facility through a newly constructed pipeline linked to existing infrastructure.
The project is expected to strengthen Angola’s long-term oil production outlook and support efforts to maintain stable output levels in the country’s energy sector.
Officials say the development highlights the importance of integrated offshore projects in improving efficiency and sustaining national production.
Angola remains one of Africa’s major oil producers, and projects like Greater PAJ are seen as key to maintaining its position in the global energy market.
Eni has operated in Angola since 1980 and currently produces about 115,000 barrels of oil equivalent per day in the country through Azule Energy.
Beyond oil production, the company is also pursuing decarbonisation initiatives in Angola through Eni Natural Energies, reflecting a gradual shift toward lower-carbon operations within its portfolio.
