Angola; West Africa; Africa; Company; Mergers & Acquisitions News

 

BP, ENI's JV Azule Energy Established

Aug 04, 2022

BP and ENI have confirmed that Azule Energy, a new 50/50 independent joint venture combining the two companies’ Angolan businesses, has been officially established. Azule Energy is now Angola’s largest independent equity producer of oil and gas, holding 2 billion barrels equivalent of net resources and growing to about 250,000 barrels equivalent a day (boe/d) of equity oil and gas production over the next five years…

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