BP-Eni Joint Venture Announced Major Gas Discovery Offshore Angola

SEATTLE (Oil Monster): BP and Eni's joint venture, Azule Energy, announced a significant gas discovery off the coast of Angola. It is predicted that the discovery will yield around 100 million barrels of condensate and 28.3 billion cubic meters of natural gas.

The Gajajeira-01 wildcat well, located in Block 1/14 in the Lower Congo Basin of Angola, made the finding. The National Agency of Petroleum, Gas and Biofuels (ANGP), the state energy regulator, pointed out that the discovery was located in a region that had no prior history of producing hydrocarbons.

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Sandstones that contain gas and condensate have already been discovered by the drilling operations, which started on April 1, 2025. Drilling is still going on. Numerous gas reserves with favorable flow characteristics are present, according to the preliminary analysis and fluid sample data.

According to Adriano Mongini, CEO of Azule Energy, the discovery is a significant milestone for the nation's gas exploration industry. This will enable it to sustainably contribute significantly to the nation's long-term energy development.

To completely comprehend the extent of the revelation, Azule plans to conduct a thorough evaluation. It will work with its partners to create the most effective development plan.